Lindt & Spruengli Expects To Gain From Industry Consolidation
16 March 2010 - 8:57PM
Dow Jones News
Chocoladefabriken Lindt & Spruengli AG (LISN.EB), the Swiss
premium chocolate maker, expects to benefit from the recent
consolidation in the industry.
The intensified concentration among producers will provide new
opportunities," Chief Executive Ernst Tanner said in the company's
2009 annual report published Tuesday.
Recent mergers will likely result in more uniform product
offers, a trend which is set to increase the cachet of high-end
producers such as Lindt & Spruengli, the company said.
Following the merger of Kraft Foods Inc. (KFT) and Cadbury PLC,
Lindt & Spruengli is ranked number six global chocolate
manufacturer, up one place, the company said.
-By Martin Gelnar, Dow Jones Newswires; +41 43 443 8040;
martin.gelnar@dowjones.com