Poland's Colian buys UK confectioner Elizabeth Shaw

Polish food group Colian Holdings has entered into an agreement to acquire upmarket UK chocolate group Elizabeth Shaw for GBP2.3m (US$3.3m).

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Colian will take 100% ownership of the luxury chocolate brand from Norwegian investment fund Imagine Capital. The transaction is broken down into an up-front payment of GBP1.75m with the remainder to be held in escrow for 18 months.

The deal includes the Elizabeth Shaw brand, which is on sale in UK retail multiples including Tesco, Asda, Sainsbury’s Morrisons and Waitrose, as well as a foodservice business. Colian will also take control of Elizabeth Shaw subsidiary Famous Names, which produces chocolate under its namesake brand.

In a statement to Polish regulators, Colian said the acquisition was in line with its “development strategy”, which aims to “develop overseas markets”.

With the “organisational support” of Colian, the company said it expects to support “dynamic” growth of the Elizabeth Shaw brands.

Colian operates within three business divisions: sweets, beverages and culinary, which includes condiments, dried nuts and fruits. Its portfolio contains brands such as Jutrzenka, Goplana and Solidarnosc.

Free Whitepaper

What is the impact of historically high inflation on the UK consumer landscape?

Why has global inflation returned with a vengeance?
What is the current inflation situation in the UK?
What impact is inflation having on UK retail sales?
What tactics are businesses relying on to tackle the effects of high inflation?
How are consumers changing their behaviors to cope with the higher cost of living?
Which industry sectors are most vulnerable to reduced consumer demand?
How is the government responding to high inflation?
How long will high inflation last in the UK?
How can your company survive and thrive in a high inflation environment?

Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.

By GD50 Custom