Eurazeo is in exclusive negotiations to divest its stake in CPK, a leading European confectionery company, to the Ferrara Candy Group, with the deal expected to finalize by Q4 2025.

Target Information

In an exclusive negotiation, Eurazeo, through its Capital1 strategy, is in discussions regarding the divestment of CPK, a leading sugar and chocolate confectionery champion in Europe, to the European holding of the Ferrara Candy Group, a major candy company in the United States. Established in 2017 following the acquisition of 14 brands from Mondelez and the merger with Lamy Lutti in 2018, CPK functions as an independent platform in the sugar and chocolate confectionery sector.

CPK holds a portfolio of iconic brands and is primarily positioned in three market segments: sweets, represented by brands like Carambar, Lutti, Krema, and Michoko; milk chocolate, featuring the British brand Terry’s; and various French chocolate brands, including Poulain and 1848. The company operates three production sites and a workshop in France, employing over 900 staff members.

Industry Overview in France

The confectionery industry in France, particularly the sugar and chocolate segments, has shown resilience and adaptability in recent years. As consumer preferences shift toward premium and innovative products, companie