Baronie acquires activities Ashbury

Brugge, Belgium, 10th of February 2015. Baronie, a leading European manufacturer of chocolates, has acquired through Baronie UK Ltd. the business operations of Ashbury Chocolates Ltd., a well known manufacturer of high quality chocolate and toffee confectionary in the UK and export markets .

This acquisition provides Baronie with a solid platform to further expand its customer and product portfolios in the UK.

It further strengthens the position of Baronie as a premier European supplier of branded, private label and third party chocolate products with production sites across Europe and more particularly in Germany, Holland, Belgium and Switzerland.

The transaction does not impact the status of the Baronie Group companies as a 100% privately held independent operator.

Fons Walder, owner of Baronie:”We are very pleased to add the Ashbury product and portfolios to our existing business operations. It fits in our long-term strategic objectives. The transaction marks another important milestone in our group’s history.”

About Baronie (www.baronie-group.com):

The privately held Baronie Group includes Baronie-Heer BV (Holland), Baronie NV (Belgium), Stollwerck GmbH (Germany) and Chocolate Alprose SA (Switzerland). Its operational base of 10 factories throughout Europe produces a wide range of chocolate products for its national and international customer base. The manufacturing operations cover branded products, private label products and third party branded chocolates. The assortment ranges from every day chocolates (Assorted Belgian Chocolates, Seashells, Flaked Truffles, Liquor Pralines, Dragees, and Tablets) to seasonal chocolate products for Christmas and Easter. It has made Baronie a strategic partner for Major European Retailers, to which it supplies both branded and private label products.

About Ashbury’s Assortment:

The wide range of Ashbury’s chocolates confectionary is available in the UK market under the Needlers, Blue Bird and Batgers brands as well as own-label offerings. Next to the boxed chocolates and bars, the assortment also includes traditional English toffees.

Contact for the media:

Mr. Jean-Marie van Logtestijn

Phone: + 32 58 310150

logtestijn@baronie.com