Chocolate Works has announced its acquisition of “substantially all of the assets” of US chocolate brand Moonstruck Chocolate.
Founded in 1993, Moonstruck Chocolate is an Oregon-based brand, known for its premium chocolates. The company has “lifetime sales of over $50 million,” according to Chocolate Works.
Joe Whaley, founder and CEO of Chocolate Works, which manufactures branded and private label speciality chocolates and confections, said: “To satisfy our current demand, and in order to capture the many opportunities in front of us, this acquisition will not only add to further our capabilities but will also give us a West Coast presence to better serve our customers”.
Moonstruck Chocolate’s former owner, Russell Sneddon, added: “Leading Moonstruck has been the highlight of my professional career…We look forward to watching the brand’s growth and transformation under Chocolate Works as the brand expands from a regional favourite to the national stage.”
Terms of the deal, which closed last month, were not disclosed.
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