The European Candy Group (TECG) has struck a deal to acquire Netherlands-based private=label candy maker Kraepelien & Holm (K&H).

TECG, a holding company established by Bencis Capital Partners and the management of Continental Candy Industries, said today (13 January) it will acquire 100% of K&H shares. The financial details of the transaction, which is expected to be complete by the end of the month, were not disclosed.

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K&H’s primary business is the manufacture and sale of private-label liquorice. TECG said that the group’s activities were a “valuable addition” to Continental Candy Industries existing private-label business. Through the acquisition, TECG aims to further its ambition of taking a “leading position” in the private-label confectionery category.

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