Lily O'Brien's, has been put on the market with a €50 million price tag.
Reportedly, IBI Corporate Finance has been appointed to manage the sale of the business, which is majority-owned by private equity fund Carlyle Cardinal Ireland (CCI).
Lily O'Brien's was CCI's first investment in 2014, and since then the premium chocolatier has grown rapidly delivering annual sales of €31.6 million up from €21 million, according to the Sunday Business Post.
The chocolate maker has been 'growing rapidly' with Nielsen reporting its growth in that market at 32%.
The company was founded by Mary Ann O'Brien in 1992 and since then has grown into 16 countries as well as developing a business supplying airlines.
© 2017 - Checkout Magazine by Donna Ahern
ADVERTISEMENT
