German own-label chocolate maker Kruger has bought a stake in Nutrial, the holding company controlling French cocoa powder brands, Banania and Benco.
Kruger and food industry investor, Céréa Mezzanine, which has been a shareholder in Nutrial since 2007, have bought the stake from investment group Qualium for an undisclosed sum.
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Qualium announced in June it was putting its shareholding on the market, which represents more than a third of Nutrial’s capital.
Nutrial’s management, led by company president Thierry Hénault remain shareholders too.
A Qualium spokesman told just-food the size of Kruger and Céréa Mezzanine’s respective shareholdings in Nutrial’s capital, as well those of its management, remain confidential but none of them amount to a majority stake.
Another Nutrial shareholder, Electropar, is reported to have relinquished its stake in the company at the same time as Qualium but this has not been confirmed.
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By GlobalDataNutrial employs 55 staff and posted a 2009 turnover of EUR20m (US$27.6m).
