Tcho, a chocolate maker based in California, USA, has announced that it is to be acquired by the Japanese food giant Ezaki Glico.
Previously owned by investment fund Emil Capital Partners, Tcho describes itself as a “premium” chocolatier “known for its bold packaging designs, innovative supply chain, and playful flavors”. It also claims to be a pioneer in sustainable and ethical sourcing, partnering directly with farmers, cooperatives, and cocoa scientists from around the world to produce large scale, high quality cacao.
“Today’s agreement brings together two companies that share a core philosophy of quality products and social values”, said Tcho chief executive officer Marcel Bens, Chief Executive Officer. “TCHO has a unique approach to sourcing, flavor and packaging – we work with farmers and cooperatives to help them produce better cocoa which is designed to benefit them and helps us make exceptionally delicious chocolate. Ezaki Glico is a company that understands, appreciates and will continue to support that business model. We couldn’t be more pleased to be joining their family”.
Terms of the deal were not disclosed.
Source: Tcho (via PR Newswire)