Cadbury Schweppes to acquire Turkish company Intergum

Cadbury Schweppes plc has announced that it has agreed to acquire the Turkish gum company Intergum from the Amram family for a consideration of US$450 m (appr. €335 m) in cash and assumed debt. The acquisition, which is subject to regulatory approval by the Turkish Competition Board, is expected to complete in the third quarter of 2007.


According Cadbury, the acquisition of Intergum will strengthen the participation in the fast-growing Turkish confectionery market, and will enhance the presence in the attractive Turkish gum market, which grew 17% last year. In 2006, Intergum had a 46% share of the Turkish gum market (Source: ACNielsen), and had revenue of US$109 m (appr. € 82m), of which approximately 25% was from exports.