German own-label chocolate maker Kruger has bought a stake in Nutrial, the holding company controlling French cocoa powder brands, Banania and Benco.

Kruger and food industry investor, Céréa Mezzanine, which has been a shareholder in Nutrial since 2007, have bought the stake from investment group Qualium for an undisclosed sum.

Qualium announced in June it was putting its shareholding on the market, which represents more than a third of Nutrial’s capital. 

Nutrial’s management, led by company president Thierry Hénault remain shareholders too. 

A Qualium spokesman told just-food the size of Kruger and Céréa Mezzanine’s respective shareholdings in Nutrial’s capital, as well those of its management,  remain confidential but none of them amount to a majority stake.  

Another Nutrial shareholder, Electropar, is reported to have relinquished its stake in the company at the same time as Qualium but this has not been confirmed.

Nutrial employs 55 staff and posted a 2009 turnover of EUR20m (US$27.6m).