Katjes International GmbH & Co. KG, headquartered in Emmerich am Rhein, is part of the Katjes Group, along with its sister company Katjes Fassin GmbH + Co. KG (,,Katjes Deutschland") and Katjesgreenfood GmbH & Co. KG. The company is focused on investments in the Western European sugar confectionery market.
Katjes International is a strategic investment holding in the Katjes Group. As a strategic investor, the company pursues a long-term ,,Buy and Hold" approach. As part of this, the subsidiaries remain legally and organisationally independent after the takeover and run by local management.
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History
Katjes International pools the investment activities of the Katjes Group in Western Europe. In 2010, Katjes International purchased a 50% stake in the Dutch company Festivaldi, which produces the best-selling liquorice product by volume in the Netherlands (,,Harlekijntjes"). In 2011, Katjes International took over the confectionery manufacturer Lutti. Lutti is the market leader in the Belgian confectionery market and occupies second place in France. In early 2012, Katjes International acquired the Belgian distributor Continental Sweets Belgium N.V. and, in the same year, also acquired Dallmann & Co., which has since been supplementing the product portfolio in the sage cough candy segment.
With its acquisition of Piasten in September 2014, Katjes International took over the largest producer of dragées and chocolate drops in Germany. Its product portfolio also includes the 'Big Ben' brand. In the previous financial year, Piasten generated net revenues of EUR91.6 million (as of 30 June 2014). In January 2016, Katjes increased its stake in the Dutch company Festivaldi to 100%. On 9 June 2017, Katjes International announced that it had acquired a stake in Josef Manner & Comp. AG. This was followed on 6 July 2017 by a takeover of the entire brand name business of Cloetta Italia S.r.l. (today called Sperlari S.r.l. again). Founded in 1836 by Enel Sperlari, the company is now the second-largest player in the Italian confectionery market and the market leader in the segment comprising sweets, liquorice, sweeteners and seasonal products.
Maps Katjes International
Company
Bastian Fassin owns 90 per cent of the company, and Tobias Bachmüller owns the remaining 10 per cent. Both are managing shareholders. The general partner of Katjes International GmbH & Co. KG is Xaver Fassin International GmbH. A new logo was launched in 2011 when the name of the company was changed to Katjes International. The current company logo was introduced in 2016.
Financing
In order to finance further acquisitions and continue its growth strategy, Katjes International issued a corporate bond with a volume of EUR30 million in July 2011. The bond had a term of five years and a fixed coupon of 7.125% per annum. In March 2012, the corporate bond was increased by a further 50% to a total of EUR45 million. In May 2015, Katjes International issued a new corporate bond (2015/2020) with a volume of EUR60 million and an annual interest rate of 5.5 per cent and placed it in full. The 2011/2016 bond was called ahead of term and paid back on 20 July 2015. On 16 May 2017, the 2015/2020 bond was increased by EUR35 million.
Brands
Katjes International and its affiliated companies own brands in various Western European countries.
? Piasten (Germany): ,,Schokolinsen",sugar coated products as Schokolinsen and Big Ben
? Lutti (France and Belgium): sour fruit gums such as ,,Surf Fizz", ,,Bubblizz", ,,Scoubidou", "Long Fizz", ,,Arlequin" and many others
? Dallmann's (Germany): Dallmanns "Sage cough drops" (the established brand in German pharmacies)
? Festivaldi (Netherlands): liquorice products of the Harlekijntjes brand
? Sperlari (Italy): the best-known brands include Sperlari (fruit gums, sweets, Italian nougat known as 'torrone'), Salia (liquorice), Dietorelle (sugar-free products) and Dietor (sweetener).
Awards
Katjes International has won several awards for its strategy and its achievements in the investment market.
External links
- Katjes International Website
- Interview between the Düsseldorf Stock Exchange and Tobias Bachmüller on the issuing of the 2011 bond (boerse-duesseldorf.de)
- Interview between German investment TV channel DAF and Tobias Bachmüller on the issuing of the 2011 bond (daf.fm)
- Interview between Mergermarket and Stephan Milde, CFO of Katjes International, in 2013 (youtube.com)
References
Source of article : Wikipedia
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