SWITZ/US: Chocolat Frey takes "majority" stake in SweetWorks
SweetWorks owns brands including Sixlets
Swiss chocolate maker Chocolat Frey has acquired a majority stake in US confectioner SweetWorks.
The deal, struck for an undisclosed sum, was announced yesterday (9 April). Chocolat Frey, part of Swiss manufacturing and retail giant Migros, did not reveal the specific stake it had acquired in the US firm.
SweetWorks operates a production facility in Buffalo in New York state. It also has a Canadian subsidiary Oak Leaf Confections.
The company produces a range of chocolates and chewing gum products under brands including Sixlets, Celebration by Sweet Works, Oak Leaf and Ovation. Sweet Works also works for "well-known" confectionery manufacturers in North America, Chocolat Frey said.
"The range of the two companies complement each other perfectly," the Swiss group added.
- Challenges for General Mills with The Good Table
- What US companies might Nomad Foods buy?
- Greek crisis - The impact on shopper behaviour
- Competition intensifies among UK burger chains
- Why investors are concerned about water risk
- Mitsubishi buys stake in Olam International
- Unilever claims victory in Becel dispute
- B&G to acquire Green Giant from General Mills
- Mondelez opens line at Poland chocolate plant
- KitKat to go sustainably sourced cocoa only