M&A Deal Summary

Tootsie Roll Industries Acquires Charms

On January 1, 1988, Tootsie Roll Industries acquired food company Charms for 65M USD

Acquisition Highlights
  • This is Tootsie Roll Industries’ 2nd transaction in the Food sector.
  • This is Tootsie Roll Industries’ largest (disclosed) transaction.
  • This is Tootsie Roll Industries’ 2nd transaction in the United States.

M&A Deal Summary
Date 1988-01-01
Target Charms
Sector Food
Buyer(s) Tootsie Roll Industries
Deal Type Add-on Acquisition
Deal Value 65M USD

Target

Charms

United States
Charms Co. engages in the manufacturer of lollipop, Charms Company operates as a subsidiary of Tootsie Roll Industries Inc.

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Buyer(S) 1

Buyer

Tootsie Roll Industries

Chicago, Illinois, United States

website

Category Company
Founded 1896
Sector Food
Employees2,000
Revenue 681M USD (2022)
DESCRIPTION

Tootsie Roll Industries is a candy manufactuing company in US. Tootsie Roll Industries was founded in 1896 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 4
Sector (Food) 2 of 4
Type (Add-on Acquisition) 2 of 3
Country (United States) 2 of 3
Year (1988) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1985-01-01 Cellas Confections

New York,, New York, United States

Cellas Confections Inc. is a manufacturer of chocolate-covered cherries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-09-30 Candy Brands - Warner-Lambert

United States

Candy Brands business includes chocolate and caramel business including the Junior Mints, Sugar Daddy and Sugar Babies product lines.

Buy -
Mergr

Product

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