PRESS RELEASE
TAYLOR & GRANT AND CHOCOLATE INN COMBINE TO FORM LEADING NORTH AMERICAN CONFECTIONERY AND GIFTS SUPPLIER
FREEPORT, NY; WATERLOO, ON On June 7, 2011, Chocolate Inn, Ltd. (“Chocolate Inn”) (ASI: 44900; UPIC: chocinn; SAGE: 50684), a leading custom chocolate, confectionery and gift manufacturer to the promotional products industry, and Taylor & Grant Specialties Limited (“Taylor & Grant”) (ASI 90667; UPIC:foodgift), a leading Canadian manufacturer of mints, wrapped candies, chocolates and food gifts, announced they have reached a definitive agreement to combine their business operations.
The combined company will feature an extensive assortment of manufactured food products – mints, chocolates, confectionery, wrapped candies and food gifts– coupled with an extensive range of imprinting capabilities to meet distributors’ year-round needs.
“We are very pleased to announce this transaction” said David Miller, President, Chocolate Inn, and Dundee Staunton, President, Taylor & Grant in a joint statement. “We believe the combination unites two great companies and will provide a best-in-class product offering, imprinting capabilities, and a passion for customer service to our promotional products distributor customers throughout North America.”
The transaction marks Chocolate Inn’s first major strategic growth initiative since July 2010, when Chocolate Inn announced its strategic partnership with Nassau Candy, the largest specialty confectionery distributor in the United States, a leading North American confectionery and snack manufacturer, and a leading national gourmet foods importer and distributor.
The companies will integrate their operations over the next several months. Customers are requested to contact Customer Service representatives at Chocolate Inn and Taylor & Grant as they have been accustomed.
About Taylor & Grant
Taylor & Grant, located near Toronto, Canada, is recognized throughout North America for its candies, breath mints, and other fine edibles. Its innovative and distinctive packaging, combined with stunning imprint capabilities make its products popular choices as promotional giveaways and corporate food gifts. Taylor & Grant is also active in the foodservice marketplace, and is a respected supplier of private label candies for restaurants and other hospitality locations. For more information on Taylor & Grant, visit www.taylor-grant.com or taylor-grant.ca
About Chocolate Inn
Chocolate Inn, headquartered in Freeport, N.Y., is the largest chocolate manufacturer serving the promotional products industry. Chocolate Inn has a long-standing reputation for excellence and is well known for using Premium Swiss Chocolate and its ability to produce any shape and size in a fine detailed chocolate product in a 5-day production cycle. Chocolate Inn recently expanded its everyday product offering to include a broad range of year-round chocolate and non-chocolate confections and packaging alternatives. For more information on the Chocolate Inn, visit www.chocolateinn.com.
About Nassau Candy
Nassau Candy is the largest specialty confectionery distributor in the United States, a leading North American confectionery and snack manufacturer, and a leading national gourmet foods importer and distributor. Nassau Candy carries an assortment of over 10,000 confectionery and gourmet SKUs and produces over 15 million pounds of private label and branded confections each year across an extensive range of manufacturing capabilities, including: chocolate/yogurt panning; sugar panning; enrobing; agar molding (fruit slices); fudge; caramel popcorn; nut roasting; and other confectionery and snack products. Nassau Candy operates out of 4 national distribution centers and two world-class manufacturing facilities.
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