The European Candy Group (TECG), a private label manufacturer owned by Bencis Capital Partners, has acquired a Dutch liquorice firm Kraepelien & Holm (K&H).
This move is part of the group's efforts to obtain a leading position in production and sales of private label sugar confectionary.
The acquisition, which is expected to be completed by the end of January 2014, will have no impact on employment.
K&H managing director W. Dolman said, "This transaction provides a secure future for the company and we are happy to become part of TECG, especially in view of the economies of scale required in this competitive market."
TECG CEO E. Waijenberg said, "The acquisition of Kraepelien & Holm is a valuable addition to CCI's existing assortment and offers room for further growth. This transaction fits our strategy to become a leading player in the market of private label sugar confectionery."
