Halloren Looking Outside Of Muted German Market For Chocolate Growth

German chocolate producer Halloren has announced the acquisition of Dutch confectionery producer Steenland for an undisclosed price. Steenland produces chocolate coins and shaped chocolates with a focus on the wholesale and private label sectors. The firm's customers include Disney and in 2010 it generated revenues of EUR12mn and EBITDA of EUR1.3mn. Halloren has highlighted that the firm generates 95% of its revenues outside of the Netherlands, which chimes with its ongoing goal of increasing its international

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