Chocolate manufacturer Luker Chocolate has acquired a majority stake in Slovakian Lyra Group. This partnership will strengthen Luker’s product capabilities and increase flexibility in logistics for European clients. All of Luker’s ingredient products will continue to be sourced and crafted at origin.
Lyra’s innovation in premium chocolate products will expand Luker’s offerings, with access to European market knowledge and European ingredients. The new partnership will also enhance Luker’s supply chain, making it easier for European customers to source the company’s cocoa and product offerings.
It will also provide Luker with the opportunity to expand its export reach – growing from its existing 40 plus country base to include new high growth markets including Asia and Eastern Europe.
“Today’s partnership brings Lyra access to Luker’s knowledge of the cocoa supply chain – while Luker benefits from Lyra’s innovation capabilities and access to new geographies,” explained Camilo Restrepo, CEO of Luker Chocolate. “Ultimately, it is a combination of quality, expertise and passion – built up over a decade of cooperation – that allows us to offer better experiences to more customers across the world.”
Lyra will now have greater access to research on sustainable cocoa sourcing, while continuing its growth in the Slovakian and European premium chocolate sectors and will benefit from Luker’s unique approach that sees farmers as an integral part of the value chain as it processes cocoa at origin.
“This move will enhance our research and understanding of ethical sourcing, whilst partnering with a business that we know is true to our core values, delivering premium products that are sourced to the highest sustainable standards,” commented Karol Styblo, CEO and Founder at Lyra.
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