Wawi takes control of Mkm and its brands including Momami

Wawi takes control of Mkm and its brands including Momami

German confectioner Wawi Schokolade has signed an agreement under which it will take a 65% controlling stake in German speciality chocolate manufacturer Mkm.

Markus Kuehlwein, the Mkm managing director and co-founder, said the deal followed the sale of shares by business partner Michael Kuehlwein (25%) and Germany's Peer Swan Group (50%). It is effective from 1 July. As part of the deal, Markus Kuehlwein's stake in the business will increase from 25% to 35%.

Markus and Michael Kuehlwein founded Mkm in Minden, in northern Germany, as a start-up in 2004. The company employs around 100 on a seasonal basis and produces mainly premium brands for domestic and foreign customers, such as the Momami range. In addition, Mkm produces a selection of luxury chocolate gift products. 

Wawi, based in Pirmasens, southwest Germany, is a family-owned company founded 1957. Today, the company has eight production facilities in four continents and sells more than 16,000 tonnes of chocolate and sugar confectionery annually.