German chocolate manufacturer Gubor Group is set to issue a corporate bond through its parent company, Gubor Schokoladen, aiming to raise as much as €60 million ($64 million).
Following a series of recent acquisitions and enhancements to its production capabilities, Gubor is entering the capital markets for the first time, as outlined in a recent statement. The funds raised from this bond will primarily focus on repaying existing bank loans and financing the recent acquisition of Hans Riegelein & Sohn.
CEO and managing partner Claus Cersovsky emphasized, “In the past, we have been able to grow continuously through strategic acquisitions, expand our product range in a targeted manner, and utilize economies of scale.” He further stated, “By issuing the corporate bond, we want to further strengthen our market presence, especially in the area of seasonal private-label chocolate, and secure our position in the long term.”
Founded in 1953, Hans Riegelein & Sohn operates six production plants and specializes in seasonal chocolate products. The company has a robust market presence, supplying products across Europe, North America, Australia, South Africa, and Japan. Gubor itself generates approximately €260 million in annual sales.
The Gubor fixed-rate five-year bond, which matures in 2029, has an indicative range set between 7.5% and 8.5%. The final interest rate will be determined following a bookbuilding process, anticipated to conclude on November 27. The bond will be available to institutional and retail investors, as well as asset managers, and will be marketed primarily in Germany, Austria, and Luxembourg, along with a private placement for qualified investors in selected European countries.
With annual revenues nearing €312 million, Gubor is a prominent family-owned producer in the food and beverage sector. The company offers a diverse range of seasonal chocolate items, confectionery, and assorted sweets and beverages. Gubor operates five brands—Riegelein, Sun Rice, Gubor, Friedel, and Eichetti—across six facilities located in Germany and Poland. Its products are distributed in nearly 50 countries, with Germany being the core market.
