Chocolate Works has acquired fellow US-based confectioner Thompson Chocolate.
The deal, struck for an undisclosed sum, bolsters Chocolate Works’ private label and co-manufacturing options, a statement announcing the deal said.
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Connecticut-based Thompson Chocolate, which dates back to 1879, manufactures for “some of the most respected chocolate brands and retailers in the world”, the statement, issued by Chocolate Works owner Insignia Capital Group, read. Just Food has asked for further details.
“Thompson significantly expands our private label and co-manufacturing production capabilities and expands our branded offerings,” Chocolate Works’ founder and vice chairman Joe Whaley said in the statement.
Private-equity firm Insignia Capital Group acquired Freeport-based Chocolate Works two years ago. Chocolate Works, founded in 1991, has facilities in Long Island and Portland.
That deal came a year after Chocolate Works had snapped up Oregon-based Moonstruck Chocolate Co., which gave the company its site in Portland.
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By GlobalDataThompson Chocolate CEO Steve Gollob welcomed the deal. “We’re incredibly excited to join forces with the Chocolate Works organisation,” he said. “This partnership enables us to continue delivering for our clients while expanding our offerings to include bars, truffles cocoa bombs, and enrobed chocolate snacks in a wide range of packaging formats.”
Insignia Capital Group, which also owns US meat-products group Tillamook Country Smoker and snacks business New Century Snacks, said the latest deal “represents a major step forward in the development of a best-in-class speciality chocolate platform with a comprehensive range of product development and manufacturing capabilities for Fortune 500 customers and emerging brands alike”.
The private-equity firm bought Tillamook Country Smoker in 2017 and New Century Snacks a year earlier.
