Swiss private-label manufacturer Huegli has reached an agreement to sell its Czech chocolate based spreads business, in a deal that is expected to generate a book profit of around CHF2m (US$1.8m).
The company acquired the Czech chocolate spreads business in 1999 as part of its acquisition into the Czech Republic. However, Huegli said, the unit was not part of the group’s core product portfolio.
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The sale includes a production site at Zasmuky, as well as machinery and equipment, production “know-how”, the businesses existing client base and inventory and raw materials.
Huegli did not the name the buyer of the unit but said it had signed the deal with a “German industrial group” that “specialises in this domain”.
