Sweet Products Takes Over Activities of Glacio-IJsboerke
Bruges, Belgium / 27th November 2017.
Sweet Products, the parent company of the Baronie Group – leading European chocolate manufacturer, and Glacio / IJsboerke have signed an agreement under which the Sweet Products Group will take over Glacio / IJsboerke’s activities effective 30th November 2017.
This further cements Sweet Products’ position as a leading European food company. The authentic Belgian products of Glacio & IJsboerke and the private labels productions are being manufactured at 2 Belgian production sites located in Beerse and Tielen.
This transaction turns Sweet Products into a food company offering a wide range of branded products, private label and third-party products, with an estimated turnover of more than EUR 600 million. The Group has 12 locations across Europe, notably Germany, the Netherlands, Belgium, the United Kingdom and Switzerland. The Sweet Products Group employs a total of 1,912 people.
The acquisition of the Glacio / IJsboerke group is expected to create added value for all companies of the Sweet Products Group. The parties have agreed not to disclose any financial details of the transaction.
The transaction will not affect the status of the Sweet Products Group as a 100% independent private company.
About the Baronie Group (www.baronie.com / www.stollwerck.com / www.alprose.com)
Sweet Products, the Belgium-based family business, is the parent company of Baronie – De Heer B.V. (the Netherlands), Baronie Belgium N.V. (Belgium), Stollwerck GmbH (Germany), Chocolate Alprose (Switzerland) and Baronie UK (UK). The Group’s total of 10 plants manufacture a broad assortment of chocolate products for its domestic and international customers. The plants manufacture own-brand products, private label products and third- party brands. The assortment includes pralines, sea fruit, pastilles, bars and toffees, among other products, with seasonal chocolate being a specialty. Partly as a result of that, Baronie is a strategic partner for the main European retailers.
About Glacio / IJsboerke ( www.glacio.be / www.ijsboerke.be)
With its production facilities located in Beerse and Tielen, Glacio / IJsboerke group manufactures ice-cream and sorbets, frozen desserts and frozen pralines in a surprising variety of flavours, colours and shapes. 65% of the production is exported, relying on a vast distribution network in more than 30 countries. 35% of these Belgian specialties are sold in the Benelux.
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