Katjes Fassin GmbH & Co. KG from Germany has announced that it will acquire a 50% stake in Festivaldi B.V., producer of Harlekijntjes liquorice in the Netherlands.
Katjes Fassin is a fast growing family-owned sugar confectionery company, which occupies the number 3 position in the German sugar confectionery market. It recently announced it has bought a 34% stake in French sugar confectionery producer Lamy-Lutti.
Festivaldi B.V. was established as an independent company in 2005, following a management buy out by Peter van der Meulen from its previous owner, chocolate company Baronie-De Heer B.V.. Festivaldi’s Harlekijntjes liquorice is the best selling sugar confectionery item in the Netherlands by volume.
Managing Directors Tobias Bachmüller and Bastian Fassin from Katjes: “this strategic participation gives us access to a fast growing brand with a lot of potential in Germany and in other markets in Europe”.
Peter van der Meulen, Managing Director from Festivaldi B.V.: “this deal offers us an excellent opportunity to grow in the German market and to benefit from the economies of scale that Katjes-Fassin can bring to us, while continuing to be run as an independent company”.
The transaction will take place on January 1st, 2010. Financial details of the transaction have not been disclosed.
Emmerich, 05th January 2010
Contact:Katjes FASSIN GmbH + Co. KG
Bastian Fassin
( +49 2822 / 601-199