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The Fini Company said it “sees this acquisition arsenic a measurement to fortify Tri D’Aix and support its continued growth”.
Credit: Eduardo Vidal Gutierrez/Shutterstock.com
Spain-based nan Fini Company has bought German confectionery and sweets business Tri D’Aix for an undisclosed sum.
“Tri D’Aix operates chiefly arsenic a income and distribution business, pinch an established section beingness successful Germany,” Fini Company confirmed pinch Just Food via a spokesperson.
The privately-owned Spanish group added that it “sees this acquisition arsenic a measurement to fortify Tri D’Aix and support its continued growth”.
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The woody includes Alsdorf-based Tri D’Aix’s business and assets, though nan spokesperson did not explain what accommodation nan German institution owns.
In a connection announcing nan transaction, nan Molina de Segura-based institution said nan statement comes aft much than 30 years of “close collaboration” betwixt nan 2 businesses, including distribution and sales.
“Tri D’Aix brings beardown section marketplace knowledge, long-standing customer relationships and commercialized expertise successful its halfway markets,” nan spokesperson said. “The attraction is connected building connected these strengths successful a complementary way.”
Family-owned Tri D’Aix was founded successful 1991 and is located adjacent nan borders of Germany, Belgium and nan Netherlands.
The institution employs astir 40 group and exports to astir 20 European countries, distributing what it described successful nan connection arsenic “one of nan widest” merchandise selections successful nan confectionery market.
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Fini Company said it intends to “support Tri D’Aix successful expanding its commercialized reach, strengthening its activity successful its halfway market, and exploring caller maturation opportunities successful world markets wherever nan institution already has a presence”.
Following nan deal, Tri D’Aix will clasp its guidance and organisational set-up and proceed to activity pinch existing customers and partners.
The spokesperson declined to supply income figures for either institution but said: “Both person solid, sustainable operations successful their respective markets.”
With a squad of complete 3,600, Fini Company operates successful much than 100 countries, according to its website.
The group, which sells products nether nan Fini and Dr. Good brands, has branches successful Latin American countries including Brazil, Chile and Peru. In Europe, it does business successful France, Portugal and Italy.
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