German chocolate maker Halloren has acquired full ownership of Dutch confectioner Steenland.
On Wednesday (30 November), Halloren announced it had bought the Gouda-based producer of customised chocolate coins and medallions, mini bars and shaped chocolates for an undisclosed fee.
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“Steenland is extremely well positioned for the future, with modern, fully-automated, industrial manufacturing facilities and an extensive know-how on the part of employees”, Halloren chairman Lellé Klaus said.
Steenland, which was founded in 1899 and exports to more than 50 countries, employs nearly 80 employees, had sales of just under EUR12m (US$16m) and an EBITDA of EUR1.3m in 2010. It produces chocolate under licence for Disney and other companies.
Klaus added: “95% of Steenland sales are made in foreign markets. Steenland will thus contribute to the commitment of the Halloren group to significantly expand internationally.”
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