Katjes Fassin Building European Presence In Sugar Confectionery

Germany's third-largest sugar confectionery manufacturer Katjes Fassin has announced that it has become the majority shareholder in French group Lamy Lutti. In 2009 Katjes Fassin built a 33.3% stake in the business and has now increased its shareholding to 66.6%. The move comes eighteen months after the two businesses agreed to form an international strategic alliance and should lead to a much closer integration between the two businesses. The move can be seen as designed to allow Katjes Fassin to compete with German market leader Haribo as well as number two August Storck, which have both developed a much larger

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