- Chocolat Frey, a top-ranked Swiss chocolate manufacturer, has strengthened its presence in the North American market by acquiring SweetWorks, Inc. with the sale made retroactive to January 1, 2014.
- SweetWorks operates a production plant in Buffalo, N.Y., with about 200 employees, and owns a subsidiary, Oak Leaf Confections Co., in Toronto that employs around 250 workers.
- Though all of the North American market activities of Chocolat Frey and SweetWorks will be combined under a single management, SweetWorks is to continue operating as an independent group of companies, and Philip Terranova will continue to occupy the position of president of SweetWorks.
Chocolat Frey says SweetWorks was a good fit because the two confectionery companies focus on the production of high quality chocolate and chewing gum and also offer complimentary products. SweetWorks offers a variety of chocolate and chewing gum products, including Sixlets and Niagara Chocolates. It also co-manufactures product for other confectionery brands in North America. Chocolate sales continue to be very strong, making that particular confectionery category one marked by growth, as we saw here.