Tony’s Chocolonely has announced the acquisition of its Belgian chocolate bars manufacturer Althaea-De Laet Int for an undisclosed sum.
The acquisition will allow Tony’s Chocolonely to operate its own factory, scale up its manufacturing capacity, innovate faster, and be more flexible in production.
Althaea-De Laet Int was founded in 1960 as a family business, manufacturing private label products to companies such Tony’s Chocolonely.
Anne-Wil Dijkstra, choco co-captain (COO) at Tony’s Chocolonely said: “We’re thrilled to announce this acquisition. It’s an exciting next step for Tony’s Chocolonely as a fast-growing impact company that wants to change a whole industry from within and make 100% slave free the norm in chocolate.”
Ingrid Bryssinck, managing director at Althaea-De Laet Int, added: “Owing to the fact that we as a family have no direct succession, we were looking for a partner, an entrepreneur, who could continue our dream with the same spirit and passion. We have found this partner in the team of Tony’s Chocolonely. We trust that Tony’s will ensure that Althaea-De Laet has a bright future while maintaining our values of caring for the team, quality and collegiality.”