Darrell Lea acquires Heritage Fine Chocolates
Darrell Lea plans to add 50 jobs to its chocolate operations next year.
November 9, 2018
Australia-based Darrell Lea Confectionery Co. has acquired Heritage Fine Chocolates following investment from a private equity firm earlier this year.
Darrell Lea, which produces confectionery products at a factory in Ingleburn, southwest of Sydney, had an established relationship with the chocolate company based in Rowville, west of Melbourne.
“Their capabilities plus the Darrell Lea brand equals a big opportunity for all of us,” Marketing Director Tim Stanford told Perth Now.. “It’s great for us to be manufacturing in Melbourne, and there’s new job opportunities coming from it.’’
Darrell Lea intends to retain Heritage’s current workforce and add up to 50 jobs next year.
In 2012, the Queensland-based Quinn Family, owners of VIP Petfoods, scooped up Darrell Lea, which was on the brink of collapse. Quadrant Private Equity bought Darrell Lea in January for about $200 million.