Roshen acquires Bonbonetti

Ukrainian confectioner Roshen has acquired Hungarian chocolate maker Bonbonetti after receiving regulatory approval from the Antimonopoly Committee of Ukraine. Bonbonetti produces chocolate and pralines under brands including tibi and Cherry Queen. The company also supplies special chocolates, coating masses, fillings and enrichers to the industry. The factory is based in Budapest and it employs 600 people.

In July, Bonbonetti announced a strategic partnership with Roshen that it said supported its “international expansion in Europe”. Roshen has now acquired over 50% of the business after the Antimonopoly Committee of Ukraine approved the deal. Roshen employs around 10,000 people, generates annual sales of USD 1.2 bn and has 450,000 tonnes production capacity.

www.roshen.com