CANADA – Puratos Canada has become the only domestic manufacturer of ingredients for bakery, patisseries, and chocolate in Canada after the acquisition of Foley’s Chocolate – a leading provider of real and compound chocolate to industrial manufacturers in North America.
The acquisition also makes Puratos one of the largest chocolate producers in the country and has expanded the company’s market presence, with a will to introduce a range of health and well-being-focused ingredients that cater to evolving consumer preferences.
Michael Simone, President at Puratos Canada said the company is poised to offer its customers a portfolio of unmatched breadth including innovative solutions in real chocolate and compound, including plant-based, protein-enhanced, no sugar and sugar-reduced.
“This acquisition is a moment of great pride for all of us. 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,” he stated.
With a 40-year legacy in manufacturing high-quality, real, and compound chocolate, Foley’s has consistently been recognized for its quality portfolio and world-class service, which the management bank on the acquisition to further enhance the company’s capabilities.
Additionally, the move will allow customers to utilize a wealth of professional talent, driving innovation and excellence across all aspects of the business and the industry, Foley’s Chocolate pointed out.
Andrew Elliott, President, and CEO of Foley’s comments: “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.”
Ultimately, we’ll be providing customers access to new product lines and services to help them grow and become more successful with their business–which is exactly what Puratos stands for.”
On issues of sustainability, the companies said customers can rely on the two companies’ shared commitment to sustainability, and Puratos’s aim of reducing its environmental footprint and contributing positively to the communities it serves.
The newly formed entity will implement a comprehensive sustainability program, ensuring responsible sourcing of ingredients, minimizing waste, and supporting initiatives that promote a healthier planet.
For all the latest food industry news from Africa and the World, subscribe to our NEWSLETTER, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube channel.
