Executive Summary
Zetar Plc listed on AIM on 6th January 2005 with a strategy to acquire, or make investments in, companies or businesses engaged primarily in the confectionery and snack foods or related markets.
Zetar has established two divisions since it listed, the ‘Confectionery’ and ‘Natural & Premium Snacks’ divisions. Zetar continues to pursue opportunities to create substantial shareholder value by the acquisition and integration of other companies within these markets and to grow its business organically.
Company History
- December 2007 - Acquisition of Lir Chocolates Limited for initial consideration of €3.3m and raising of £4.0m gross at £5.60 per share
- May 2007 - Acquisition of Britannia Biscuits Company Limited for initial consideration of £4.7 million
- October 2006 - Acquisition of Salamanda for up to £2.25 million
- July 2006 — Acquisition of Humdinger Limited for up to £12.975 million and fund raising of £11.2 million at £4.00 per share
- March 2006 — Acquisition of Readifoods Limited for £4.2 million and fund raising of £2.38 million at £3.50 per share
- April 2005 — Acquisition of Kinnerton Group Limited for £32.1 million and raising of £10.25 million at £2.00 per share
- January 2005 — AIM admission and raising of £0.75 million at £1.00 per share
- December 2004 — Zetar Plc incorporated
Current Events
- 1st May 2009 - Zetar announces that it sold its subsidiary, The Baked Snacks Company Limited for up to a maximum of £2.68 million.
Business Model
Zetar’s aim is to create a Group of confectionery and snack foods or related businesses, based primarily in the UK with operations in Europe. We aim to deliver value to our shareholders through the organic growth of Group businesses enhanced by the sharing of Group resources, and by making further acquisitions. Our mission is to achieve above sector average annual increases in earnings per share.
We will continue to concentrate on companies that, amongst other considerations, focus on healthier options, quality products, innovation and service at competitive prices.
Products/Services
Zetar acquired its principal business, Kinnerton Group Limited, a leading UK manufacturer of novelty and niche chocolate confectionery, on 13th April 2005 for £32.2 million. This established the ‘Confectionery’ division. Kinnerton sells its own brand character confectionery, ie. The Simpsons and Barbie, and private label chocolate products to UK and Australian grocery retailers. Kinnerton was the first confectioner in the world to offer chocolate manufactured in a nut free zone and is…
