Dec 27 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
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.