He was presented the award at the ISM tradefair in Cologne.
Richterich is the third generation of his family to run the Ricola business, which was establish in 1930.
The company produces hard candies with herbs that are cultivated in the Swiss Mountains. Ricola exports 40 different ranges of herb drops and teas to over 50 countries globally.
The firm is headquartered in Laufen, near Basel, Switzerland and owns subsidiaries in Italy, the UK, Asia and the US.