Nutkao

What Nutkao does

Nutkao is an Italian privately-held manufacturer of cocoa-hazelnut spreads and chocolates, founded in 1982 and headquartered in Cuneo, Italy. The company operates a confectionery production business focused on the chocolate spreads category, with a workforce of 101-250 employees. In October 2021, Nutkao acquired 100% of Belgian chocolate spread maker Boerrineke SV, its first disclosed strategic move, establishing a cross-border presence in Northern Europe and creating a multi-country manufacturing footprint spanning Italy and Belgium.

The company's core offering centers on cocoa-hazelnut spreads and chocolate products — a category in which Italy holds strong traditional and export positioning. Beyond the Boerrineke acquisition, no additional product lines, technology platforms, certifications, patents, or digital channels are documented in the available sources, indicating a conventional FMCG manufacturing profile. No pricing, distribution, or marketing channel information is publicly disclosed.

Nutkao's business model appears to combine branded and potentially private-label production for European retail and B2B customers, though no customer logos, segment mix, or contract data are publicly available. The company has remained privately held without disclosed external funding rounds, parent companies, or institutional investor involvement, and operates as an independent entity. Geographic expansion to date has been executed through acquisition rather than organic market entry.

Name

Nutkao

Legal name

Nutkao

Website

https://nutkao.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

Nutkao is a privately-held Italian manufacturer of cocoa-hazelnut spreads and chocolates, founded in 1982 and based in Cuneo, Italy. It serves European retail and confectionery markets through branded and acquired production, including Belgian subsidiary Boerrineke SV.

Ownership category

akta.pro rank

Product category

Chocolate Spread and Confectionery Manufacturing

NAICS

Roasted Nuts and Peanut Butter Manufacturing (311911), Confectionery Manufacturing from Purchased Chocolate (311352)

SIC

Sugar & Confectionery Products (2060), Food And Kindred Products (2000)

akta.pro primary industry

Nut & Seed Spreads Manufacturing (Peanut, Almond, Tahini) (AFAKADAJ)

Keywords

• Cocoa hazelnut spreads
• Chocolate spread manufacturing
• Private label confectionery
• Filled chocolate bars
• Confectionery production

Headquarters

HQ city

Canove

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Core offering

Nutkao is an Italian manufacturer of cocoa-hazelnut spreads and chocolate confectionery products. The company produces chocolate spreads and related chocolate goods at its Cuneo, Italy facility and sells them to customers in Italy and across Northern Europe via its Belgian subsidiary Boerrineke SV.

Product overview

Nutkao is an Italian chocolate spread maker based in Cuneo, Italy. The company expanded its presence in Northern Europe through the 100% acquisition of Belgian company Boerinneke (also referred to as Boerrineke SV/Boerinneke). No specific product names, modules, or product details beyond chocolate spreads were available in the source data.

Differentiator

Problem solved

Functional benefit

Products and services

• Cocoa-hazelnut spreads

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Boerrineke SVcoreStrategic or Co-development Partner · 5 October 2021Nutkao acquired 100% ownership of Belgian company Boerrineke SV in October 2021. This acquisition represents Nutkao's strategic expansion into Northern Europe and strengthens its position in the chocolate spreads segment.

Recent moves1 record

Expansion highlights3 records

Broad incumbents

• Ferrero: Ferrero is the global leader in confectionery and the maker of Nutella, the dominant cocoa-hazelnut spread brand. Directly comparable to Nutkao as a chocolate spreads manufacturer, though with vastly larger scale and a broader confectionery portfolio.
• Barry Callebaut: Barry Callebaut is the world's largest chocolate and cocoa manufacturer, supplying industrial and specialty chocolate to food manufacturers, artisans, and retailers globally. Comparable to Nutkao as a European-headquartered chocolate producer operating at scale.

Direct peers

• ICAM: ICAM is an Italian chocolate and confectionery manufacturer based in Lecco, producing premium chocolate bars, spreads, and ingredients. Comparable to Nutkao as a mid-sized Italian chocolate producer serving both branded and private-label channels.
• Cémoi: Cémoi is a French chocolate manufacturer and one of Europe's largest private-label chocolate suppliers. Comparable to Nutkao as a European chocolate manufacturer serving retail and private-label customers across multiple geographies.
• Euro Company: Euro Company is an Italian food manufacturer specializing in private-label and branded dried fruits, nuts, seeds, and spreads. Comparable to Nutkao as an Italian-based private-label spreads producer with pan-European retail distribution.
• Elah Dufour - Novi: Elah Dufour-Novi is an Italian confectionery group producing chocolate bars, spreads, and candies for retail and private-label customers. Comparable to Nutkao as an Italian chocolate and spreads manufacturer of similar size profile.
• Lotito: Lotito is an Italian private-label manufacturer specializing in chocolate spreads, hazelnut-based products, and cocoa derivatives. Comparable to Nutkao as an Italian cocoa-hazelnut spread manufacturer focused on private-label and B2B channels.
• Hachez: Hachez is a German premium chocolate manufacturer with Belgian heritage, producing chocolates and spreads for retail and specialty channels. Comparable to Nutkao as a European mid-sized chocolate producer serving both home and neighboring markets.

Others

• Cargill Cocoa & Chocolate: Cargill is a global agribusiness operating one of the largest cocoa and chocolate supply chains, supplying industrial chocolate to confectionery manufacturers. Comparable to Nutkao as a chocolate ingredient and finished-product supplier operating at scale.

Emerging players

• Stollwerck: Stollwerck is a German confectionery company producing chocolates and pralines for European retail. Comparable to Nutkao as a European chocolate manufacturer of similar mid-sized profile with overlapping retail customers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nutkao