July 2016 BUSINESS NEWS MANUFACTURING CONFECTIONER—Global Source for Chocolate, Confectionery and Information

Yildiz plans IPO Yildiz Holding has consolidated and DeMet’s Candy Co., its confectionery businesses into both in 2014. a new UK-based company, Pladis, The move to unite the disparate and plans to list it on the , businesses owned by Yildiz into a UK, stock exchange in four years. single entity — Pladis — was first Pladis is made up of United announced in January. Kingdom biscuit brand McVitie’s; The company name, Pladis, Turkish confectionery brand comes from the Greek name of a Ulker; premium choco- seven-star cluster, Pleiades. The late brand Godiva; and United Pleiades constellation is visible States confectionery company from anywhere on earth. Companies in the News Ai Group ...... 8 DeMet’s Candy Company. To- Yildiz said Pladis will be head- Archer Daniels Midland ...... 11 gether they will form a $5.2 bil- quartered in the Baker Perkins ...... 11 lion business, Yildiz said. United King- Batory Foods ...... 11 The IPO will be used to raise dom. The com- Brooks Peanut Co...... 5 Buhler ...... 11 funds for expansion, with Yildiz pany also de- Caobisco ...... 9 retaining a majority stake. tailed the firm’s Cargill ...... 11 Yildiz, the Turkish confec- management DeMet’s Candy Co...... 5 tionery and snack group, has structure: Cem FDF ...... 6 Cem Karakas Fida ...... 6 brought together a number of Karakas, who is GLG Life Tech Corp...... 11 sweet snacks businesses through the CFO at Yildiz, will take over Godiva ...... 5 mergers and acquisitions in recent as CEO of Pladis. Murat Ulker Guylian ...... 8 Kashi Co...... 8 years. From its majority stake in and Ali Ulker, chairman and vice Kellogg ...... 8 Ülker, Yildiz has built up its port- chairman respectively at Yildiz, Lindt & Sprüngli ...... 9 folio through acquisitions such as will hold the same positions at Lotte ...... 8 Godiva in 2007 as well as United Pladis. McCleskey Mills ...... 5 MKM ...... 6 Nestlé ...... 6, 8 Olam expands in the USA with acquisition of Brooks Olam ...... 5 Olam International has acquired peanut sheller McCleskey Mills in Pladiz ...... 5 PMCA ...... 8 Brooks Peanut Co. December 2014. Olam is the Pure Organic ...... 8 Brooks is currently the sixth- third-largest peanut sheller in the Retail Confectioners International ...... 9, 12 largest peanut sheller in the United United States. Retail Confectioners Assoc. of Philadelphia . 14 States and the largest sheller based Olam’s peanut business is one of Tangerine Confectionery ...... 6 UC –Davis ...... 6 in Alabama, processing approxi- its Edible Nuts business units; oth- Ulker ...... 5 mately 110,000 farmer stock tons. ers are almonds, cashew, hazelnuts United Biscuits ...... 5 Founded in 1959, the company is and sesame. The Warrell Corporation ...... 7 Wawi Schokolade ...... 6 based in Samson, Alabama. Olam International operates in World Cocoa Foundation ...... 7 Olam’s acquisition of Brooks 70 countries and is headquartered Yildiz ...... 5 follows its acquisition of U.S. in Singapore.

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