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Company type | Public |
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Nasdaq Stockholm: CLA B | |
Industry | Confectionery |
Founded | 1862[1] [2] [3] | in Copenhagen, Denmark
Founder | Bernard, Christopher and Nutin Cloëtta |
Headquarters | , Sweden |
Area served | Europe |
Key people | Katarina Tell (President and CEO), Morten Falkenberg (Chairman) |
Products | Confectionery, Nuts |
Revenue | SEK 8.3 billion (2023) [4] |
SEK 735 million (2021) [4] | |
SEK 437 million (2023) [4] | |
Total assets | SEK 10.68 billion (2023) [4] |
Total equity | SEK 5.1 billion (2023) [4] |
Number of employees | 2,600 (December 2023) |
Website | www.cloetta.com |
Cloetta is a Swedish confectionery and nuts company. The company manufactures and sells local confectionery brands on its main markets Sweden, Finland, Norway, Denmark, Netherlands, Germany and the UK. [5] [2] [3]
In 1862, Christoph Cloëtta (1836–1897) and his two brothers Nutin Cloëtta and Bernard Cloëtta founded Danish chocolate manufacturer Brødrene Cloëttas steam chocolate factory. In 1873, Nutin Cloëtta established a Swedish subsidiary in Malmö, Sweden and one subsidiary in 1896, in Oslo, Norway. [6] [7]
After several years of legal disputes between Cloetta Fazer's two major owners, the Svenfelt-Trotzig family company Malfors Promotor and the Finnish family-owned Karl Fazer, it was announced in June 2008 that Cloetta Fazer would be split up. Cloetta became an independent company again in late 2008 and was listed on the Stockholm Stock Exchange on 8 December 2008. In December 2011, it was announced that Cloetta and Leaf would merge into one company. [8]
Cloetta has six factories in five countries. The two largest factories are in Levice, Slovakia, and Ljungsbro, Sweden. [9] The company is listed on the Nasdaq Stockholm. In 2016, Cloetta finalized a deal to acquire pick & mix supplier Candyking, which operates in the United Kingdom and the Nordic countries. [10] In 2017, Cloetta bought the bulk candy company Candyking. [11]
Some of the brands owned by Cloetta are Läkerol, Cloetta, Candyking, Jenkki, Kexchoklad, Malaco, Polly, Sportlife and Red Band. [12]
Henri de Sauvage-Nolting left his position as CEO in September 2024. [13] He was replaced by new CEO Katarina Tell. [14]
Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Polish bank in 2014, Baltic operations in 2019 and completed the exit from Russia in early 2022 following a 2019 decision to close the business there. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.
Norwegian Air Shuttle ASA, trading as Norwegian, is a Norwegian low-cost airline and Scandinavia's second-largest airline, behind Scandinavian Airlines. It is the fourth largest low-cost carrier in Europe behind Wizz Air, easyJet and Ryanair, the largest airline in Norway, and the ninth-largest airline in Europe in terms of passenger numbers. It offers a high-frequency domestic flight schedule within Scandinavia and Finland, and to business destinations such as London, as well as to holiday destinations in the Mediterranean and the Canary Islands, transporting over 30 million people in 2016. The airline is known for its distinctive livery of white with a red nose, with portraits of high achievers on the tail fins of its aircraft.
Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe.
Fazer is one of the largest corporations in the Finnish food industry. The company was founded by Karl Fazer in 1891, as a "French-Russian confectionery" in central Helsinki. Today, it employs over 6,000 people across Finland, Sweden, Latvia, Lithuania, Estonia, Denmark, Norway and Poland. Its products are exported to more than 40 countries.
Orkla ASA is a Norwegian conglomerate operating in Europe, Asia and the US. At present, Orkla operates in the branded consumer goods, aluminium solutions and financial investment sectors. Orkla ASA is listed on the Oslo Stock Exchange and its head office is in Oslo, Norway. As of 31 December 2021, Orkla had 21,423 employees. The Group's turnover in 2021 totalled NOK 50.4 billion.
Freia is a Norwegian chocolate brand. The brand is known for Freia Melkesjokolade and Kvikk Lunsj, as well as for other candy and dessert products. The company was acquired by Mondelez International in 1993.
Karl Otto Fazer was a Finnish chocolatier and sport shooter.
Leaf International BV was a confectionery company founded in the 1940s. Leaf had sales of approximately €527m (2010) and 2,400 employees. It had 11 factories in seven countries. Leaf was owned by CVC Capital Partners, Nordic Capital, and management. Bengt Baron was the CEO of Leaf.
Marabou is a Swedish chocolate brand owned by Mondelez International.
Bengt Baron is a business leader and former backstroke swimmer from Sweden.
Barry Callebaut AG is a Swiss-Belgian cocoa processor and chocolate manufacturer, with an average annual production of 2.3 million tonnes of cocoa & chocolate . It was created in 1996 through the merging of the French company Cacao Barry and the Belgian chocolate producer Callebaut. It is currently based in Zürich, Switzerland. It was created in its present form by Klaus Johann Jacobs. In 2019, the company had 61 production sites, located in Europe, Africa, America and Asia.
Twist is a bite-sized confectionery produced by Freia, primarily for the Scandinavian market. Twist is sold in bags, and each bag contains a variety of pieces, mostly consisting of chocolates with some sort of filling in the center. New pieces are added and old ones discontinued frequently. Only two pieces, Lakris (licorice) and Cocos, have existed since the product was launched. The name Twist refers to the way each piece is wrapped.
Dumle is a brand of chocolate-covered toffees marketed and manufactured by Fazer.
The Mignon chocolate egg is an Easter confectionery made by the Fazer company. Its distinctive features are a filling of almond-hazelnut nougat inside a real eggshell. The Mignon is the second oldest Fazer product, dating back to 1896, when Karl Fazer brought the recipe from Germany.
Henning Throne-Holst was a Norwegian born, Swedish industrialist.
Gudrun Sjödén is a Swedish fashion label and retail chain. In 2016 the company is headquartered in Stockholm, and has 12 stores in Sweden, Norway, Denmark, Finland, the UK and the US, and via a Germany subsidiary, six stores in Germany. The company produces and sells fashion clothing an textiles using natural materials, and unusual in fashion labels for offering sizes up to XXL.
Christoph Cloëtta, was a Swiss-born Danish chocolatier and founder of the Brødrene Cloëtta chocolate factory in Copenhagen. Cloëtta was appointed as Swiss consul in 1888.
Christian F. Kehlet was a Danish chocolate company based in Copenhagen, Denmark. The company was from 1873 based at Jagtvej 83-85 in Nørrebro. It was merged with Brødrene Cloëtta in 1929 and the factory on Jagtvej closed the following year.
Chymos Oy was a Finnish company founded in 1906, producing juice, jam, wine, liqueurs and candy. In 1993 the company's candy production was bought out by Fazer, and in 2006 Chymos was fully assimilated into Cloetta Fazer.
Mazetti AB was a Swedish manufacturer of cacao, chocolate and other candies founded and based in Malmö, Sweden. It was acquired by the Finnish Fazer company in 1975.