Cloetta, a leading confectionery company listed on the Nasdaq Stockholm, acquires Lonka of The Netherlands. Cloetta has signed an agreement to acquire Locawo B.V. (Lonka) – a Dutch company producing and selling fudge, nougat and chocolate. Cloetta has agreed to acquire 100% of the shares of Locawo B.V. The purchase price amounts to SEK 295m in cash. Lonka’s sales amounted to about SEK 300m in 2014 with the Netherlands being the core market, accounting for about half of the sales. The acquisition will significantly strengthen Cloetta’s position in the Netherlands

Houthoff Buruma advised Cloetta.

Houthoff Buruma team included: Jean Paul Dresen, Alexander Kaarls