Baltic private equity fund manager BaltCap has signed an investment agreement with Latvian chocolate specialist Pure Chocolate to finance fast growth of the company.
Pure Chocolate is a chocolate truffles and other chocolate products producer with a strong market position in Latvia and sales to 20 export markets globally. The company reached EUR 3.35 million turnover in 2014. The fast growth story of Pure Chocolate has been based on high quality chocolate products, professional team and strong brand.
“We are very satisfied with reaching an agreement with BaltCap. Additional investment will help us accelerate our growth, strengthen Pure Chocolate brand in existing markets as well as pursue new export markets,” says Pēteris Žimants, Chairman of the Board of Pure Chocolate.
“We are happy to announce that our talks with Pure Chocolate have resulted in a signed cooperation agreement. In our eyes, Pure Chocolate is a very attractive player in food sector with a large growth potential. The company combines several factors crucial for success – experienced entrepreneurs, high quality products, well-established brand and growing industry. We are honoured that Pure Chocolate has chosen BaltCap as a partner for further growth and we believe that fueled with BaltCap investment and contact network, Pure Chocolate will continue to grow at a fast pace,” adds Astra Neimane (pictured), Investment Director at BaltCap.
