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03/11/2022

Luker Chocolate acquires majority stake in LYRA GROUP

Luker strengthens its presence in Europe while maintaining its crafted at origin promise

03rd November 2022: Colombian Chocolate Manufacturer Luker Chocolate (Casa Luker SA), has acquired a majority stake in Slovakian Lyra Group. This partnership will strengthen Luker’s product capabilities and increase flexibility in logistics for European clients. All of Luker Chocolate’s ingredient products will continue to be sourced and crafted at origin.

 

Expanding Luker’s innovation capabilities

Lyra’s innovation in premium chocolate products expands Luker’s offer, with access to European market expertise and high-quality European ingredients. The new partnership also enhances Luker’s supply chain,  making it easier for European customers to source Luker’s premium quality cocoa and product offerings.

 

New markets

Today’s partnership announcement also brings Luker the opportunity to expand its export reach – growing from its existing 40-plus country base to include exciting, new high-growth markets, including Asia and Eastern Europe.

 

Camilo Restrepo, CEO of Luker Chocolate, says: “Today’s partnership brings Lyra access to Luker’s knowledge of the cocoa supply chain – while Luker benefits from Lyra’s innovation capabilities and access to new geographies.  Ultimately, it is a combination of quality, expertise and passion – built up over a decade of cooperation – that allows us to offer better experiences to more customers across the world..”

 

Sustainable cocoa production

Lyra now has greater access to research on sustainable cocoa sourcing whilst continuing its growth in the Slovakian and European premium chocolate sectors. It benefits from Luker’s unique approach that sees farmers as an integral part of the value chain as it processes cocoa at origin.

 

Karol Styblo, Lyra’s CEO and founder, says: “This move will enhance our research and understanding of ethical sourcing whilst partnering with a business that we know is true to our core values, delivering premium products that are sourced to the highest sustainable standards.”

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