Hilco Capital has acquired Melbourne-based chocolatier Ernest Hillier through its Australian arm Re:Capital.
Hilier sells a variety of premium chocolates through retail and wholesale locations across Australia. The financial details of the transaction were not disclosed.
Go deeper with GlobalData
Following the sale, the business will continue to be run by current CEO Mark Campbell.
Re:Capital emphasised it remains “committed to preserving the Hillier’s Chocolates name and corporate identity as well as its facilities”. The investment vehicle said that it would provide the working capital and operational experience necessary to grow the group’s domestic presence and expand internationally.
James Turner, investment director for Re:Capital Australia, said: “Hillier’s is the kind of business we enjoy working with. It has a great brand, a high-quality product and many opportunities for segment growth.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
