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Toms, the Danish confectionery group, has announced a nine-figure investment plan to consolidate chocolate production in Nowa Sol, Poland, and licorice and sugar confectionery Helseholmen, Denmark.
As part of the reorganisation, Toms said it was also planning to phase out its operations in Ballerup, Denmark, within the next three to ofour years.
Founded in 1924, Toms Group presently manufactures around 30,000 tonnes of goods annually at its factories in Denmark, Germany and Poland.
Commenting on the move, Toms Group CEO Annette Zeipel said: “This is an investment in the future of building a stronger Toms Group. With an improved profitability follows the ability to invest further in our beloved brands, product innovation, our international growth and footprint, and in our commitment to sustainability and talent development”.
“The transformation is a significant strategic move to support our vision for a profitable and competitive Toms Gruppen. It will bring us closer to the industry’s profitability benchmark, simplify processes, and enable us to strengthen our strategic procurement she added.
The exact amount of the investment was not disclosed.
Source: Toms Group
