Sector News

Ezaki Glico acquires US chocolate manufacturer Tcho Ventures

February 20, 2018
Food & Drink

Japanese food company Ezaki Glico aims to expand its confectionery business with the acquisition of US chocolate brand Tcho Ventures.

San Francisco-based Tcho, which produces a range of premium craft chocolate for snacking, gifting and cooking, is currently owned by Emil Capital Partners.

Ezaki Glico said it was attracted to Tcho’s strong brand recognition in the US, particularly among millennials, the generation which it believes has the highest purchase intent.

In a statement, Ezaki Glico said: “The overall market in the premium chocolate category is expecting strong continued growth, and by acquiring Tcho and entering this market, Ezaki Glico aims to enhance its chocolate business.”

In 2016, Tcho adopted a new packaging design from brand consultancy Bluemarlin for its Pairings line of chocolate bars.

Headquartered in Osaka, Ezaki Glico has 11 business locations and 23 group companies in Japan, and 12 subsidiaries in nine countries, employing a total of 5,210 people.

In recent years it has expanded its business beyond confectionery to include ice cream products, processed foods, desserts, milk products, baby formula, food ingredients and ingredients for cosmetic and health products.

Ezaki Glico USA Corporation was founded in February 2003 in Irvine, California, to sell products such as Pocky and Pretz.

Source: FoodBev

comments closed

Related News

January 15, 2022

DSM forges F&B business group integrating taste, texture and health know-how

Food & Drink

Health and nutrition giant DSM is showcasing a new integrated F&B operating structure that unifies food specialties, hydrocolloids and nutritional products. Positioned as a business group, it will harness the gamut of taste, texture and health solutions to manufacturers in the F&B sector.

January 15, 2022

Keeping food transparent: F&B suppliers talk eliminating bias and the pitfalls of eco-labeling

Food & Drink

FoodIngredientsFirst speaks to key suppliers Corbion, Agrana Fruit and Kerry to discuss what core strategies are helping keep food businesses up-to-speed with their environmental reporting while remaining bias-free.

January 15, 2022

Titanium dioxide EU ban comes into force, companies have six months to adjust

Food & Drink

France banned the use of the additive in 2020, leading companies such as Lonza to launch Vcaps Plus White Opal, its first commercially-available titanium dioxide-free semi-opaque capsule for food supplements. The move followed several lobby groups urging the European Commission to prohibit TiO2.

Send this to a friend