Chocolate maker Darrell Lea sold for a lip-smacking $200m

Original article by Nick Toscano, Sarah Danckert
The Age – Page: 5 : 16-Jan-18

Tony and Christina Quinn have sold the Darrell Lea confectionery business to Quadrant Private Equity in a deal worth $A200m. The couple, who acquired Darrell Lea from administrators in 2012, previously sold VIP Pet Foods to the private equity firm in 2015. Quadrant has flagged plans to expand the Darrell Lea brand in Australia and offshore. Darrell Lea booked an after-tax profit of $A8.75m in 2016-17, with revenue of $A81.2m.

CORPORATES
DARRELL LEA CONFECTIONERY COMPANY PTY LTD, QUADRANT PRIVATE EQUITY PTY LTD, VIP PET FOODS

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