Illy to acquire Prestat.

Illy, an Italian coffee and chocolate company, agreed to acquire Prestat, the UK chocolatier. Financial terms were not disclosed. Prestat had £7m of sales. The deal will give Illy better distribution for its products via Prestat’s sales network in the UK, US and Australia. “Where Domori goes from bean to chocolate, Prestat goes from chocolate to truffles. It is perfectly integrated. We have a similar approach philosophically. Both companies are looking at producing and selling super premium products,” Riccardo Illy, Illy President.