TOKYO – Cadbury Schweppes Plc announced Monday that it is making an offer for Sansei Foods Co, Ltd.
Sansei sells sugar-free functional candy in Japan under the Teicalo and Xylicrystal brands. In 2006, it held a 4 percent share of the Japanese candy market.
Cadbury plans to purchase at least 66.67 percent of the company for $74.32 million, but might purchase all of Sansei for $111.55 million.
The offer is expected to close on July 19, 2007.