WEST LOOP— A Japanese company has signed an agreement to buy Blommer Chocolate for $750 million, including manufacturing operations in West Loop.
Fuji Oil Holdings announced Monday it would buy Blommer Chocolate and its business entities.
As part of the acquisition, Fuji Oil, which supplies oils, fats, confectionery and bakery ingredients, would take over operations and manufacturing of Blommer’s three U.S. locations, its Canadian operations and its China operations.
Fuji plans to maintain the management structure of the company and keep the current management team in place after the acquisition, according to a press release.
CEO Peter Blommer said the acquisition “begins an exciting new chapter” for the company, according to the Tribune.
Founded in 1939, Blommer has been family-owned for three generations. The chocolate producer is the third largest industrial chocolate producer and fifth largest cocoa bean processing, according to Fuji’s new release.
The sale is expected to be completed within the next 60 days, according to Crain’s.
“Our companies share common values and a deep commitment to product quality, innovation and customer service,” he said in a statement issued to the Tribune. “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.”
Representatives with Blommer Chocolate did not return calls for comments.