Post-Soviet Period
In 1991, the state enterprise of Kalev was founded on the basis of the Kalev confectionery factory. In 1995, the privatisation of the state enterprise became possible and a public limited company was founded.
As well as manufacturing confectionery, and retailing through cafés and candy shops, the group now also has interests in flour and bakery products, milk products and real estate development and management. The group earns stable profits and now employs about 800 people.
From 1996–2009, the shares of the public limited company AS Kalev were listed on the Tallinn Stock Exchange. The owner of the majority of shares, Oliver Kruuda took the company private.
The year 2003 was historically important to Kalev: the company moved from Tallinn to a new factory complex in Harjumaa, Rae rural municipality.
In May 2010, the core business – as a separate company called Kalev Chocolate Factory – was sold to the Nordic food industry group Felix Abba, which is a subsidiary of the conglomerate Orkla Group.
Previously, AS Kalev was one of the few Estonian food industry enterprises based mainly on Estonian capital.
Currently, in addition to selling pre-made marzipan, customized painted marzipan can be ordered in the Kalev Marzipan Room (martsipanituba) in Tallinn on Sundays.
The address in Old Town Tallinn is Maiasmoka majas, Pikk tn 16, Tallinn.
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