German chocolate maker Halloren Schokoladenfabrik is to see the withdrawal of major shareholder Paul Morzynski, an entrepreneur who invested in the Hamburg-based company some 25 years ago.

Morzynski’s holdings have been sold to majority owner Charlie Investors, which as a result will now possess 75% of Halloren’s total shares, the company said. Charlie Investors is backed by the German-Canadian family Ehlert and the Illmann family, who will continue to be supported by Morzynski.

CEO Klaus Lelle said: “We are grateful for his untiring commitment. Without him, this company would not exist today.”

Darren Ehlert and Frank Illmann will carry on the company’s development, focusing on the regional roots of the chocolate factory in Halle.

Halloren employs around 700 people in its business areas of Halloren Confiserie, Chocolaterie and Industrie.

The company teamed up with fellow Germany-based chocolate makers Lambertz and Alfred Ritter in February to become partners in a Fairtrade initiative to promote sustainable cocoa supplies

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.