German chewing gum manufacturer AsCom Confection has taken over confectionery producer Bodeta after the latter had filed for insolvency, according to a report in Lebensmittel Praxis.
Bodeta was reportedly struggling financially due to rising energy and raw material costs, leading the firm to trigger a process of self administration in order to restructure its business.
According to sources, Bodeta’s 120 employees will remain in post, with the firm continuing to operate out of its current base in Saxony-Anhalt.
AsCom Confection produces traditional and sugar-free chewing gum, with private label chewing gum as its core business.
Founded in 1892, Bodeta is one of the largest manufacturers in its region and one of the most important local employers, according to the company. Its range includes traditional and sugar-free sweets, dragees and Easter specialities.
Source: Lebensmittel Praxis / Bodeta