Chocolate Inn Merges With Taylor & Grant
BREAKING NEWS ALERT
June 8, 2011
Counselor has learned that
New York-based Chocolate Inn (asi/44900)
and Ontario, Canada-based Taylor &
Grant (asi/90667) have reached an agreement to combine operations, forming
the largest promotional confectionery and gifts supplier in North America. Financial terms of the deal, which was finalized
yesterday, were not disclosed.
"Both companies are
such a good fit for each other, with complementary product lines and now
increased imprinting," said David Miller, president of Chocolate Inn, in
an exclusive interview this morning with Counselor. "We expect to be able
to provide enhanced value for our customers."
Per the agreement,
leadership teams and staff at both companies will be unchanged. Dundee Staunton
will continue in his role as president of Taylor & Grant and Miller will remain president of
Chocolate Inn. "Everyone's still on board," said Miller.
"Integration will be ongoing." Distributors are being asked to
contact customer service representatives at Chocolate Inn and Taylor & Grant as they have done in the past.
The combined company,
according to Miller, will feature an extensive assortment of manufactured
products, including mints, chocolates, confectionery, wrapped candies and food
gifts. "We have very high expectations and we expect a lot more
revenue," Miller said.
Follow Counselor PromoGram tomorrow for more details.