Theo Chocolate announced its intent to merge with LaPorte, Ind.-based American Licorice Co. (ALC), according to a release from the Seattle-based organic and fair-trade chocolate confectioner. The move comes as part of Theo’s wider restructuring of its operations, which include the closure of its Seattle manufacturing site and reduction in office staff.
Since 2006, Theo products grew into national distribution from being a local Seattle product, and the company believes joining ALC’s portfolio of organic and better-for-you brands will ensure a strong future. The company cited industry-wide rising manufacturing and supply chain costs as the catalyst for these changes.
The closure of the Seattle facility and relocation of business operations will result in approximately 60 employees losing their jobs in the second half of 2023, the release stated. However, Theo will maintain its headquarters, Confection Kitchen and store in Seattle. The operational changes and the merger are expected to close in the third quarter of 2023.
Theo joins ALC, a family-owned and operated confectioner that was founded in 1914 and produces brands such as Red Vines, Sour Punch, Torie & Howard, and Zing Bars.