A relatively new company called Tangerine Confectionery, which was formed in January 2006 has bought Cadbury’s Monkhill confectionery. This buyout makes Tangerine confectionery the new owners of Butterkist, the popular popcorn brand. The sale price is still under wraps but sources speculate that the sale will fetch the global confectionery giant Cadburys an excess of £250m.

Momkhill’s currently employs over 800 personel and they will be a significant addition to Tangerine’s global workforce strenght. Butterkist popcorn will be a interesting addition to Tangernine’s portfolio which is already teeming with brands such as Princess, Taverners and Mojo.