A privately held German organization is buying Wilton Brands.
Dr. August Oetker, a multibillion-dollar German food and beverage company, will buy the Naperville-based cake decorating and candy making company.
Wilton Brands has more than 600 employees worldwide, 400 of which are in Naperville and Romeoville. Naperville employees will remain headquartered in that location, but will be run as a division within the companies owned by Dr. Oetker.
“I could not imagine a better owner for Wilton Brands. The opportunity to draw on both companies’ strengths, combined knowledge and commitment to the category will position us to innovate and grow more quickly, benefitting our customers, our retail partners and our employees. This is a proud and exciting milestone in Wilton’s 89-year history as a trusted name in baking,” said CEO of Wilton Brands Sue Buchta in a press release.
The purchase cost has not been disclosed, and the transition is expected to close before the end of the year.
Naperville News 17’s Christine Lena reports.
