Blommer Chocolate Co. has attracted interest from at least two Asian companies, according to people familiar with the matter, reports the Chicago Tribune. Sources say the purchase would give Singapore-based Olam International, which is already one of Blommer's major cocoa bean suppliers, a bigger presence in North America. The other interested buyer, Japan's Fuji Oil Holdings, sells edible fats to Blommer.
Blommer is a third-generation family business founded by Henry Blommer Sr. and two brothers in 1939. The company has been expanding in recent years, with a $40 million acquisition of a plant in Jinshan, China, in 2016, and the introduction of new brand Founders Reserve. It also has a joint venture with Olam focused on cocoa sustainability in Ivory Coast and Indonesia, according to the report. Full Story
Related: Blommer Chocolate Considers Sale; Second Fire Breaks Out at Blommer Chocolate Co.
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