Puratos Acquires Major Canadian Chocolate Producer

Puratos recently announced its largest acquisition to date in the chocolate industry. Canadian producer Foley’s Chocolates joins the Belgium-headquartered provider of ingredients for bakers, patissiers and chocolatiers in a deal that significantly increases Puratos’s chocolate market share and manufacturing capabilities in North America. According to a company press release, this major acquisition is a key strategic step for Puratos as it continues its growth based on the pillars of health and well-being, sustainability and innovation.

Puratos is now poised to offer customers its largest chocolate portfolio yet, including innovative plant-based, protein-enhanced, no sugar and sugar-reduced solutions.

Foley’s is a leading provider of real chocolate and compound coatings to industrial manufacturers in North America. This deal makes it Canada’s second-largest chocolate producer and the country’s only manufacturer of ingredients for bakery, patisserie and chocolate. As well as expanding Puratos’s market presence, the combined business will introduce a range of health and well-being-focused ingredients that cater to evolving consumer preferences.

“We’re all enormously proud and excited today,” comments Pierre Tossut, CEO at Puratos. “Foley’s is an excellent fit with Puratos’s innovation strategy and I have no doubt this acquisition will transform our Canadian chocolate business.”

Michael Simone, President at Puratos Canada, adds. “In particular we see huge potential for our Cacao-Trace chocolate, products that have proven sustainable credentials, such as independent life cycle analysis (LCA) data and plant-based chocolate, for which demand is soaring not just here, but worldwide.”