Business and Operations
Puratos Canada acquires chocolate supplier Foley’s
June 9, 2023 By Bakers Journal
Mississauga, Ont. – Puratos Canada has acquired Foley’s Chocolates, a provider of real chocolate and compound coatings to industrial manufacturers in North America.
The agreement makes Puratos one of Canada’s largest chocolate producers and, according to a news release from Puratos Canada, “the only domestic manufacturer of ingredients for bakery, patisserie and chocolate.”
The combined business will expand the company’s market presence and introduce a range of health- and well-being-focused ingredients.
Puratos now will be able to supply real chocolate and compound, including plant-based, protein-enhanced, no sugar and sugar-reduced products.
“This acquisition is a moment of great pride for all of us,” comments Michael Simone, president at Puratos Canada. “Our strategic fit brings together two highly talented, passionate teams to fuel innovation and propel the industry forward by delivering outstanding products and customer experience.”
Andrew Elliott, president and CEO of Foley’s, welcomed the move: “Joining the Puratos family means accelerating growth by leveraging the talents and incredible portfolio of the combined organization to bring our customers the same great quality and world-class service, with even more added value thanks to Puratos’ initiatives like Cacao-Trace and other innovations.”
The newly-formed company also plans to carry out a comprehensive sustainability program, ensuring responsible sourcing of ingredients and minimizing waste.
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