June 4, 2007
RHCP Acquires The Allan Candy Company from Cadbury Adams Canada
Toronto, ON — ReichmannHauer Capital Partners announced today that it has purchased the Allan Candy Business from Cadbury Adams Canada in a transaction that will return Allan Candy to its former status as one of Canada’s top independent candy producers. Established in the 1950s, the Allan Candy business today has approximately $100 million in sales and a strong portfolio of product offerings in bulk candy, count goods, retail bags, and seasonal offerings for Easter and Christmas. Allan Candy also has a large contract manufacturing division which manufactures confectionary products for some of the world’s top global confectionary producers. A reputation for top manufacturing quality and product innovation over more than 50 years of operation has left Allan Candy with strong relationships with North America’s leading confectionary distributors and retailers.
“With Allan now operating as an independent company once again, we believe that significant benefits will be created for customers through faster and nimbler processes, more aggressive product and process innovation, and better overall speed to market”, said Andrew Cockwell, Principal of ReichmannHauer Capital Partners.
Going forward, the Allan Candy business will significantly increase its product innovation efforts; reenter its products in to the US marketplace, continue to improve the efficiency and effectiveness of its manufacturing operations, and expand its contract manufacturing capabilities and relationships to serve other large global confectionary producers interested in a high quality, high efficiency “near shore” manufacturing location. Prashant Pathak, Managing Director of RHCP said, “We are very excited about what the Allan Candy Business can achieve over the next several years when its entire team is 100% focused on driving this independent business again. Allan Candy now has all of the building blocks it needs to succeed”.
The Allan Candy Company Limited has been a leading North American manufacturer of innovative, high-quality chocolate and sugar confectionery products since 1931. The Allan Candy Company Limited markets such iconic brands as Allan, Big Foot, Hot Lips, Twirls, and Trebor. Allan is the leader in the Easter novelty chocolate segment, with such brands as Peter Rabbit, Mr. Solid, Mr. Munchy and the Junior range, and Allan leads the Canadian Candy Cane market with a variety of products sold under the Allan brand. Allan Candy’s Bulk, Pick and Mix, and Pick a Treat franchises delivers to candy-lovers a wide assortment of sugar confectionery in the soft, toffee and hard candy formats. In addition, Allan leverages its iconic brands, marketplace scale and confectionery and nut expertise to develop and deliver a substantial range of confectionery products to address the health and well-being needs of today's consumer. The company offers products through confectionery distributors and retailers in Canada and the United States. The Allan Candy Company Limited is based in Mississauga, Ontario, Canada, and is privately owned by ReichmannHauer Capital Partners. Visit us at www.allancandy.com.
CORPORATE AFFAIRS CONTACT:
Amanda Gaffar, Executive Assistant
Tel: (905) 281.7870
Fax: (905) 270-7397