Cadbury Schweppes agrees to sell Monkhill business to Tangerine Confectionery for £58 million

Monkhill principally manufactures sugar confectionery and popcorn for the UK market. Its 2007 revenue is expected to be approximately £76 million and 2007 pro forma earnings before interest, taxation, depreciation and amortisation are expected to be approximately £6.7 million.

Headquartered in Blackpool, Tangerine Confectionery was created in January 2006 by the acquisition of the UK operations of the Toms Group of Denmark. Stamford Partners also advised on this transaction. The firm acquired the confectionery arm of Burtons in August 2006 giving the business a turnover in excess of £60 million and 650 employees.

Stamford Partners is a specialist investment banking firm with operations in London and Amsterdam. The firm specialises in providing investment banking advice to European food and beverage companies, basing its advisory activities on strong relationships with leading European companies in the sector.

Nordic investment Bank Straumur owns 50.01% of the shares in Stamford Partners.

Contact:
Rhiannedd Brooke, Head of International Media Relations
Corporate Communications
rhiannedd.brooke@straumur.net
+44 7885 997 580