Pure Chocolate, a premium chocolate truffle producer in Latvia, has completed a management buyout, securing local ownership and financing for its international growth.

Overview of Pure Chocolate

Pure Chocolate, a leading producer of premium chocolate truffles in Latvia, has recently undergone a management buyout. This strategic move involved the acquisition of a controlling stake from the BaltCap Latvia Venture Capital Fund AIF KS by a newly established holding company, PCh Holding, which consists of the company’s management team along with minority shareholders. This transaction ensures that the firm remains under Latvian ownership and emphasizes its commitment to local growth and development.

Currently, Pure Chocolate employs over 60 individuals at its facility in Pūre and successfully exports its exquisite truffles to over 25 countries, with significant markets in Germany, the United States, Japan, and Ukraine. Notably, over 70% of its exports are for its own brand, underscoring the company’s strength and brand recognition in the international market.

Industry Overview in Latvia

The premium chocolate market in Latvia has seen a notable expansion in recent years, driven by consumer trends favoring high-quality, artisanal products. As disposable incomes rise, consumers are increasingly willing to sp