Cadbury Schweppes to Strengthen Presence in Japan

Cadbury Schweppes makes a recommended tender offer for Sansei Foods Co. Ltd., a Japanese functional candy company. Sansei sells sugarfree functional candy in Japan under the Teicalo and Xylicrystal brands. "Sansei's sugarfree high functionality products are complementary to Halls, and we see strong opportunities to develop them further in the Japanese market and potentially elsewhere," says Todd Stitzer, chief executive officer, Cadbury Schweppes. "The acquisition of Sansei will further strengthen our presence in Japan, where we have gained significant gum market share since the Adams acquisition."