Equistone-backed GALA Kerzen acquired Korona Candles.

GALA Kerzen, a manufacturer of candles backed by Equistone Partners Europe, acquired Korona Candles, a manufacturer of “private label” candle products. Financial terms were not disclosed. With the acquisition of Korona, GALA Kerzen is further expanding its product range, growing its international presence, and establishing itself as a leading global candle manufacturer following the recent additions of Indian company Ramesh Flowers and Berlin-based JewelCandle to the group. GALA Kerzen has acquired its shareholding in Korona from the company’s management, who will in turn acquire a stake in the GALA Kerzen group, as well as private investors. Dirk Langhammer, Managing Director at GALA Kerzen, said: "Korona stands for quality and sustainable business development; the company is highly innovative and extremely flexible. At the same time, Korona is distinguished by its strong customer loyalty and stable business connections. This combination is one of the key drivers of Korona’s success. We want to take advantage of this and work with Korona to drive forward major expansion in Europe and the US market."