Tangerine Confectionery Doubles Sales Through Monkhill Acquisition

UK-based Tangerine Confectionery, which claims to be Europe's largest independent sugar confectionery manufacturer, has posted a sharp rise in turnover on the back of acquisitions. Tangerine's profits increased from GBP63.5mn in 2007 to GBP131mn to 2008 in what its managing director, Chris Marshall, called a 'transformational year'. Profits before exceptional items increased by 65% to reach GBP8.1mn. However, restructuring costs and interest payments linked to acquisitions resulted in an overall net loss of GBP3.7mn, up from a loss of GBP2.7mn in the year

To read the full article, please choose one of the following options: