Katjes International ups stake in chocolate maker Halloren

Katjes International raises stake in Halloren from 1.3% to 7%. Photo: Wikimedia

Katjes International has raised its stake in publically-listed German chocolate producer Halloren to 7%.

Katjes International acquired a 1.3% stake in the German chocolate maker, which was made public at Halloren’s shareholder’s meeting in June this year.

Katjes now has a 7% holding. The majority of Halloren is held by investment firm Charlie Investors (40%) and German entrepreneur Paul Morzynski (27%).

Katjes: Sugar confectionery remains the focus

Stefan Milde, CFO of Katjes International, told ConfectioneryNews his company saw Halloren’s shareholders as long-term partners.

In 2015, chocolate was around one quarter of our business (by volume). Our strategic focus continues to be on sugar confectionery as the main part of our business,” he said.

Katjes did not disclose its financial investment in Halloren.

Milde told us in September there was still money left over from a €60m ($67m) corporate bond Katjes issued last year to explore further acquisitions in Europe.

Katjes has so far used the funds to fully acquire Dutch licorice maker Festivaldi and to acquire rights to sell and distribute Vicks cough drops in Europe and Russia from Procter & Gamble.

Katjes International is currently present in France, Germany, Belgium and the Netherlands. It sees sugar confectionery expansion opportunities in Spain and Italy

Halloren subsidiary loses Disney license

Halle headquartered company Halloren produces chocolate and candies across for three business areas, "Halloren Confiserie", "Chocolaterie" and "Industrie" (contract manufacturing).

It recently reported subsidiary Steenland BV will lose its the license to produce Disney–themed chocolate products, which it said may lead to losses for Halloren.

However, the company said it was close to sealing major contracts for the beginning of 2017.

The company issued a €10m ($10.6m) corporate bond in September this year. It said in late October that €5m ($5.3m) worth of shares had already been subscribed.

Halloren was founded in 1804 and owns Germany’s oldest producing chocolate factory still in existence.

Related News

Katjes International explores candy acquisitions in Italy and Spain, but expects annual sugar confectionery consumption in Western Europe to remain at 2.7 kg per capita

Katjes International CFO: Sugar confectionery consumption in Europe may have reached its limits

Katjes International snaps up minority stake in Manner after increasing corporate bond. Photo: Manner

Katjes International acquires stake in Joseph Manner

Holger Terstiege, vice president, international business, Katjes, at Yummex Middle East.

Katjes to launch ‘Cola the Cat’ in the Middle East

French subsidiary Lutti and Harlekijntjes licorice owner Festivaldi helps Katjes International sales grow 9.3% in H1. Photo: Katjes

Katjes International seeks more acquisitions as H1 sales rise

Harlekijntjes brand is the leading licorice product in the Netherlands, says Katjes

Katjes eyes fruit gum expansion as it ups stake in Dutch licorice maker Festivaldi

Katjes issues €60m corporate bond to pay off previous bond and finance acquisitions

Katjes may shop for Spanish and Italian sugar confectioners after €60m corporate bond

Submit a comment

Your comment has been saved

Post a comment

Please note that any information that you supply is protected by our Privacy and Cookie Policy. Access to all documents and request for further information are available to all users at no costs, In order to provide you with this free service, William Reed Business Media SAS does share your information with companies that have content on this site. When you access a document or request further information from this site, your information maybe shared with the owners of that document or information.