Turkey's Yildiz to buy DeMet's Candy for $221 mln - WSJ
Dec 27 (Reuters) - Turkey's Yildiz Holding AS has agreed to buy privately owned DeMet's Candy Co, the U.S. maker of Flipz chocolate pretzels and Turtles covered nut clusters, for $221 million, the Wall Street Journal reported.
The Turkish owner of Godiva chocolates will acquire DeMet's from Brynwood Partners, a U.S. buyout firm, the paper said.
Brynwood is set to make more than four times the money it invested in DeMet's, a person familiar with the matter told the Journal. ()
Yildiz Holding, Turkey's largest food group, earlier this year bought Spanish discount retailer Dia's Turkish operation DiaSA for 136.5 million euros ($183 million).
None of the parties were immediately available for comment when contacted by Reuters.
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Crimeans vote on union with Russia as troops build up rapidly |
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Police make third arrest in murder of Colorado socialite