Maestrani Schweizer Schokoladen has acquired fellow family-owned Swiss chocolatier Chocolat Ammann for an undisclosed sum.
In a joint statement, the companies said the deal is part of a succession plan to “secure” the future of the Chocolat Ammann brand.
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Founded by Theodor Ammann, Chocolat Ammann has been making chocolates since 1949.
The deal will see Maestrani, which produces brands such as Munz, Minor, and Avelines, relocate production to its facility and headquarters in Flawil in eastern Switzerland.
The relocation will result in the loss of approximately 18 jobs at Chocolat Ammann’s Heimberg plant, Maestrani said. Around 150 staff work at Maestrani.
The companies share common values such as “quality, Swissness, and sustainability” that makes the Swiss quality products produced and distributed under the Chocolat Ammann brand a “perfect fit” for its portfolio, the statement added.
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By GlobalDataMaestrani and Chocolat Ammann have national distribution in the Swiss retail trade and hard discounters. Both have export businesses and will continue to sell outside Switzerland.
The acquisition follows what Maestrani described as a “successful” revitalisation of the Geneva praline brand Avelines in 2022.
