German retailer Tengelmann, together with its US subsidiary Emil Capital Partners, has acquired a shareholding in chocolate maker Tcho.
The retail group has also bought a stake in VariBlend Dual Dispensing Systems, which makes containers for the food industry.
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Tenglemann said the two companies exhibit “enormous economic potential” in their respective market segments in the US. Financial details of the deal were not disclosed.
The company’s investment in premium chocolate maker Tcho will be used to “push the company’s expansion forward”, it said, which will include the growth of sales activities, plant capacity expansion and innovation.
VariBlend manufactures containers with a patented dispensing pump system, which are used for applications in the cosmetics, food and pharmaceutical industries.
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“The wide range of applications means that VariBlend has the potential to establish itself in different product categories in different industries within the market and to take a pioneering role,” said Christian Haub, chairman and president of Emil Capital Partners.
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