Japan's Fuji Oil to acquire Blommer Chocolate Co.
Sale includes Blommer’s five manufacturing facilities.
November 19, 2018
The Blommer Chocolate Co. will be acquired by Fuji Oil Holding, Inc., a global leader in oil and fat ingredients serving the food industry.
The sale includes Blommer’s four manufacturing operations in North America and one in Shanghai. While Blommer is a private, family-owned company, Fuji Oil is publicly traded on the Tokyo Stock Exchange.
“For nearly 80 years, our family business has grown to become a major ingredients supplier to most of the iconic brands across a wide variety of food categories,” said CEO Peter Blommer, a third-generation family member. “This is a landmark event in the proud history of Blommer Chocolate Co. and begins an exciting new chapter as we look forward to joining a highly respected global leader in Fuji Oil.
“Our companies share common values and a deep commitment to product quality, innovation and customer service. With our combined expertise in chocolate and fats and oils, both rooted in product and process innovation, we have the opportunity to create a broad global footprint from which to serve our customers and drive growth.”
Blommer, along with the existing senior management team, will continue to lead the company after the transaction.
Terms of the transaction, which is set to close in the next couple months, were not disclosed.
“Fuji Oil is a global supplier of food ingredients, with oil and fat, chocolate, emulsified and fermented food and soy protein businesses as pillars,” said Hiroshi Shimizu, president and ceo of Fuji Oil Holdings. “In our industrial chocolate business we are a leader in Asia and have expanded our presence in Europe and South America. By partnering with Blommer we are convinced that the combination of our knowhow and operations in our respective regions will provide significant opportunities and choices for our customers.”