While some markets have remained flat and several of the Global Top 100 confectionery companies have lower sales figures than in the past, 2012 still saw several mega-mergers and positive gains by quite a few candy firms. One of the largest was a reverse acquisition by Cloetta AB, which climbed up the chart from the bottom quarter to the top quarter after merging with Leaf International. In 2011, Leaf had estimated sales of $745 million, while Cloetta was listed at $153 million. Through this acquisition, under the Cloetta name, the Swedish confectioner with 2,600 employees and 11 factories, is expected to post around $840 million in sales. Bengt Baron, formerly of Leaf, remains as president and CEO.
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