Kraft’s purchase of Cadbury makes Tangerine the largest confectionery manufacturer still in British hands. The company is behind many established brands, including Barratt’s Sherbet Fountains and Butterkist Popcorn, but about half its sales come from making products for the big supermarkets. Steven Joseph, chairman, and Chris Marshall, managing director, led the 2006 buyout of Toms Gruppen’s British operations for an undisclosed sum, backed by Growth Capital Partners. Tangerine has since bought underperforming subsidiaries from Burton Foods and Cadbury, and profits increased 46% a year from £1.6m in 2005 to £4.9m in 2008.
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