Vending

Cargill to acquire Singapore chocolate maker

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August 24, 2021

Cargill Inc., a global food manufacturer, has agreed to acquire Aalst Chocolate Pte. Ltd., a Singapore-based chocolate manufacturer, for an undisclosed sum, according to a press release. Pending regulatory approval and closing conditions, the acquisition will expand Cargill's Asia-Pacific footprint, adding chocolate to its existing portfolio of cocoa products, already sold throughout the region.

Upon completion of the transaction, all Aalst assets, including its state-of-the-art manufacturing plant in Singapore, R&D capabilities in Singapore and Shanghai, and its over 200 employees across the region, will join Cargill's cocoa and chocolate Asia-Pacific operations.