German candy maker Van Netten has been bought by a local private equity group for an undisclosed sum.
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Investment group Arques has snapped up the Dortmund-based firm after agreeing a deal with sugar refiner Juelich.
Van Netten, founded in 1918, produces a range of sweet goods for the German market and Eastern Europe. The group generates revenues of around EUR70m (US$94.2m).
Arques chairman Dr. Peter Loew said: “We have acquired a traditional company which has been firmly established on the market for years. Van Netten is considered a reliable and competent service provider that has already developed numerous confectionery innovations.”
Officials at Van Netten could not be reached for comment as just-food went to press.
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