German chocolate maker Halloren is reportedly in talks with rivals over the possibility of taking over businesses that have been hit by the current recession.

"We want to grow organically," CEO Klaus Lelle said in an interview with Bloomberg. "But we also want to acquire companies that are a good fit. They must have chocolate as their core business."

Halloren has forecast 2008 sales of EUR35m (US$46m), a 16% increase year-on-year, and EBIT of EUR4m.

"I'm very confident that we more than met our sales and profit targets," Lelle reportedly said.

Officials at Halloren could not be reached for immediate comment.