Germany: Wawi acquires controlling stake in MKM

Germany: Wawi acquires controlling stake in MKM

Wawi, the German confectionery firm, has a acquired a controlling stake in fellow chocolate manufacturer MKM, which owns the Momami brand.

From 1st July Wawi will have a 65% stake in MKM, acquiring shares both from founder Michael Kühlwein and the Peer Swan Group.

MKM is specialised in a range of products that include bars, nut-based chocolates, drinking chocolate and chocolate gifts. It was founded in 2004 and employs up to 100 staff at its facility in  Burghaslach, Bavaria.

Commenting on the acquisition, Wawi CEO Walter Müller said: "We are pleased to bring a young and innovative firm into the Wawi family. MKM's speciality chocolate products, particularly its nut-based range, are an ideal complement to our own product portfolio that includes chocolate with rice and chocolate with puffed wheat".

Source: Wawi (via Life PR)