Mississauga, Ontario — Puratos Canada Inc. has acquired Foley’s Chocolates, a provider of chocolate and compound coatings to industrial manufacturers in North America.
The agreement makes Puratos one of the country’s largest chocolate producers and the only domestic manufacturer of ingredients for bakery, patisserie and chocolate. As well as expanding its market presence, the combined business will introduce a range of health and well-being-focused ingredients that cater to evolving consumer preferences, according to the company.
“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.”
With a 40-year manufacturing legacy, Foley’s has been recognized for its quality portfolio and service. The acquisition further enhances the company’s capabilities, leveraging its expertise to introduce an expanded range of products that meet the diverse needs of consumers, the company reports.
“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,” Andrew Elliott, president and CEO of Foley’s says. “Ultimately, we’ll be providing customers access to new product lines and services to help them grown and become more successful with their business, which is exactly what Puratos stands for.”