Hilco Capital has acquired Melbourne-based chocolatier Ernest Hillier through its Australian arm Re:Capital.

Hilier sells a variety of premium chocolates through retail and wholesale locations across Australia. The financial details of the transaction were not disclosed.

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Following the sale, the business will continue to be run by current CEO Mark Campbell.

Re:Capital emphasised it remains “committed to preserving the Hillier’s Chocolates name and corporate identity as well as its facilities”. The investment vehicle said that it would provide the working capital and operational experience necessary to grow the group’s domestic presence and expand internationally.

James Turner, investment director for Re:Capital Australia, said: “Hillier’s is the kind of business we enjoy working with. It has a great brand, a high-quality product and many opportunities for segment growth.”

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