Page last updated at 15:29 GMT, Wednesday, 3 March 2010

Welsh firm buys chocolate maker

Kshocolat had developed a range of chocolate products in luxury packaging

Kshocolat, the Glasgow-based luxury confectioner brand, has been bought over by a company that markets novelty sweets for children.

Bon Bon Buddies, which has its headquarters in South Wales, has bought the assets and brands of Kshocolat, including the Hot Choc name.

The company was put in administration last month, with the loss of 25 jobs.

The Scottish company had developed a range of chocolate products in luxury packaging.

These have been sold through premium retailers including John Lewis, Harvey Nichols, House of Fraser and Waitrose, while also exporting to 20 overseas markets.

Bon Bon Buddies said it would now invest in the brands.

Managing director Chris Howarth said it was "an excellent acquisition", achieved against strong competition.

The Welsh company's product range until now has been through licensing the rights for children's entertainment properties, and then marketing them as confectionery.

These range across Disney characters to include Hello Kitty, Star Wars and Dr Who.

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