Walnut Creek, CA, September 1, 2023 — Insignia Capital Group today announced the acquisition of Chocolate Works, a second-generation, founder-owned manufacturer of branded and private label chocolate products. Terms of the transaction were not disclosed.
Chocolate Works manufactures a wide range of chocolate products such as bars, truffles, cocoa bombs, and enrobed desserts and snacks for blue-chip and specialty retailers. The business operates two production facilities in Freeport, New York and Gresham, Oregon.
“We are very excited to welcome Chocolate Works into our portfolio,” said David Lowe, CEO of Insignia. “This investment expands Insignia’s footprint in the food sector into the massive and growing chocolate market. We plan to leverage our food investment experience and synergies with our other food portfolio companies, Century Snacks and Tillamook Country Smoker, to significantly accelerate growth. We also plan to make significant investments in operations and add-on acquisitions that we expect will drive value for all stakeholders.”
“We are thrilled to partner with the Insignia team in this exciting next phase of the company’s growth. We chose Insignia as our partner based on their demonstrated operational and strategic expertise and their shared vision for our business and employees,” said Chocolate Works Founder and CEO Joe Whaley.
About Chocolate Works
Founded in Freeport, NY in 1991, Chocolate Works is a manufacturer of branded and private label chocolate products including chocolate bars, truffles, cocoa bombs, chocolate covered fruits, pretzel rods and other specialty items. The Company serves a national, enterprise customer base across multiple channels including mass, grocery, ecommerce, and specialty. To learn more, visit www.chocolateworks.com