Business · Companies · 8 hrs ago

Belgian buyer takes over DreiMeister brand and equipment

Belgian buyer takes over DreiMeister brand and equipment

Belgian entrepreneur Jo Ballet has bought DreiMeister’s brand and equipment, taking over assets from the insolvent German chocolate maker.

DreiMeister, known for handmade pralines and other chocolate specialties, was based in Werl, North Rhine-Westphalia.

The company entered insolvency proceedings in May after rising costs, including for cocoa, and other financial pressures.

Its production equipment is to be moved from Werl to Waregem, where Ballet plans to build a new facility.

All 101 remaining employees were dismissed in July because the company’s funds could not cover their wages during the notice period.

Production in Belgium is planned to start in January, though the brand’s future production will no longer be in Germany.

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What people are saying

Michael Schütteinsolvency administrator
Despite intensive efforts, nobody submitted a concrete, workable offer to enter or take over the company.
via t-online