Katjes International, the investment division of Katjes Group, has sold its minority stake in Halloren Schokoladenfabrik AG to Charlie Investors.
Katjes had an 11 percent share of the Hamburg, Germany-based confectionery manufacturer. Charlie Investors became Halloren’s majority stakeholder in 2017 after purchasing it from investor Paul Morzynski.
Though terms of the transaction and a reason for unloading the holding were not disclosed, there were “constructive talks” between the parties, Katjes said.
"We are pleased with the mutually agreed solution that we consider positive for Halloren and its shareholders," said Tobias Bachmüller, managing partner of Katjes International.
Halloren, founded in 1804, named Ralf Wilfer its ceo last fall, succeeding interim manager Ralf Coenen.
Wilfer’s career began in 1991 at Kraft Foods in Lörrach. He later served Lindt & Sprüngli AG, Stollwerck GmbH and Homann Feinkost GmbH and Solent GmbH & Co. KG. Most recently, Wilfer served as managing director of the subsidiary of the MEG Group.