Sweet deal: Bencis's Continental Candy acquires K&H

The transaction was done via European Candy Group, the holding company of CCI established by Bencis and CCI's management at the time of the Dutch private equity firm's acquisition.

Bencis acquired CCI in February last year in a management buyout.

CCI was established in 1985. The Drachten-headquartered business manufactures confectionery such as jelly beans, liquorice, candy and jelly foam, and sour candies. The company exports its products to more than 30 countries, with a focus on western and northern Europe.

CCI generates turnover of around €25m, according to Bencis.

Company
Headquartered in Oosterwalde with a workforce of approximately 50, K&H was founded in 1864 as a pharmacy. In 1930, the business expanded into the production of confectionery.

In 1985 – 15 years after the acquisition of K&H by Dutch company Brocacef – the company's management led a buyout to make the business independent once more. In 1996, K&H stopped production of its medicinal products to focus on its liquorice and wine gum production for the confectionery market.

K&H's predominant markets in Europe are the Netherlands, the UK, Germany and Scandinavia. The company also exports its products to the US, Australia and the UAE.

People
Wim Dolman is the managing director of K&H, while Edwin Waijenberg is the CEO of the European Candy Group.

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• Topics
• Portfolio management
• Benelux
• Consumer
• Netherlands