Cargill Buys Chocolate Maker and Other Food Industry News

American agribusiness Cargill has struck a deal to purchase Singapore-based chocolate products manufacturer Aalst Chocolate Pte. Ltd. that will enable the firm to expand its presence in the Asia-Pacific market.

“The rapidly growing Asian marketplace is increasingly wielding its influence around the globe, sparking inspiration and driving international trends,” Francesca Kleemans, managing director, Cargill Cocoa & Chocolate Asia-Pacific, said in a statement. “Joining with Aalst strengthens our position in this critical region, enabling us to become the supplier-of-choice for industrial and foodservice customers. With an expanded selection of value-added and specialty chocolate products and deep technical expertise, together we can accelerate innovation, better helping customers create products that continue to surprise and delight.”

Aalst supplies products to industrial, foodservice and retail customers across over 50 countries. Its portfolio includes chocolates and compounds, premium retail chocolate products and luxury pralines that are sold under eight brands.

Click further to view some other developments in the food and beverage industry that captured headlines over the last week.