CANOVE DI GOVONE, Cuneo, Italy – Nutkao S.r.l. — an Italian company and leading International Contract Manufacturer that has been creating and producing private-label creams and chocolate for over 30 years with over 180 million euros in turnover — is accelerating its expansion plan thanks to its acquisition of the Belgian company Boerrineke S.V.
Present on the market for over 70 years and based near Antwerp, Boerrineke is the second brand of chocolate spreads from Belgium with around 14 million euros in turnover and with a distribution network that is strongly rooted in the country and throughout Northern Europe.
The Boerrineke acquisition is part of Nutkao’s strategic commercial and production development plan for Europe specifically focusing on the markets of the Netherlands, Belgium, France, and Germany, where the Piedmont-based group has had very positive feedback.
Appointed as co-CEOs to lead the company are brothers Daniel and Marcel Peeters, who recently joined Nutkao Group: Daniel is the Director of Retail Sales for Nutkao and Marcel is the Director of Industry and Food Service Development in Europe.
“Boerinneke is a strategic acquisition for the Group that consolidates its growth in Europe where customers know and recognize the quality of Nutkao products. Boerrineke has an important presence on the Belgian market, which is universally recognized for the quality and mastery of its chocolate making process. Furthermore, with the arrival of Daniel and Marcel in Nutkao, it was natural for us to foresee their direct involvement as co-CEOs of Boerrineke, for a new corporate structure that strengthens the dialogue and relations with local markets.
In line with the group strategy, Boerinneke is part of the vision of specializing more and more products and services, while respecting the values of each local business. With Italy, Ghana, Belgium, and the United States, the Group is currently focusing on the extensiveness and integration of the supply chain that captures and maintains the uniqueness and history of each place in which we do business. With this acquisition, the Group has added new skills and an industrial platform even closer to reference markets and the needs of consumers and industrial clients,” said Federico Fulgoni, CEO of Nutkao.
Local distribution and a strong bond with the territory are the watchwords in Nutkao, a group that since 2015 has launched a strong expansion campaign always for the purpose of appreciating and better promoting local resources.
After the first plant was opened in North Carolina (US) for the production of creams for American retail and industry, a production plant was inaugurated in 2018 in Accra, Ghana, that exclusively processes premium cocoa beans from Ghana. To date Nutkao Group, with headquarters in Canove di Govone in Piedmont, distributes its products to 80 countries worldwide, reaching all continents.
Boerrineke is now a wholly owned subsidiary of Nutkao, bringing its know-how and centenary tradition of Belgian chocolate to Piedmont.
Nutkao: from the roasting of raw hazelnuts to the production of creams
Nutkao, a company founded in 1982 by Giuseppe Braida with headquarters in the Piedmont region of Italy, is an International Contract Manufacturer and market leader in the production of spreadable creams for private labels, offering everything from the design to the end-product on the shelf.
With over 50% of the Group’s turnover generated on international markets, the Italian uniqueness of Nutkao creams is found in nearly 80 countries worldwide. The company supplies its unique and exclusive products to over 400 clients in respect of their needs and the tastes of local consumers.
Its growth in the United States with the Battleboro plant in North Carolina and the decision in 2018 to acquire a plant in Ghana for cocoa bean processing are examples of excellent management of the supply chain: from controlled natural raw materials to a “gentle” production process, additive-free and safe from an industrial perspective, to preserve organoleptic qualities intact and, at the same time, ensure a hygienically perfect food product.
Today Nutkao Group, with the entry of the newly acquired Boerrineke, can count on a total turnover of almost 200 million euros and an even more widespread distribution network rooted in each country in which it does business.
