After Grandma’s Molasses‘ $30 million deal Cadbury Schweppes sold off its another non core cooking wine brand, Holland House for approx. $37 million. Mizkan Americas, which specializes in condiments and vinegars will buy the US based divisions.
Cadbury with the proceeds will pay down the mounting debts and will focus on its key areas like confectionary and other beverage business.
The news of divestment rose Cadbury’s share index by 5 cents. In fact after Christmas the quiet stock market found some reasons to warm up itself by the divestment news.
Via
Ireland Online
Cadbury selling off wine brand...Hic..sho shweet
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