Puratos Canada Inc. has acquired Foley’s Chocolates, a leading provider of chocolate and compound coatings to industrial manufacturers in Northern 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 the company’s 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.

Michael Simone, President at Puratos Canada, commented: “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.”

With a 40-year manufacturing legacy, Foley’s Chocolate has been recognized for its quality portfolio and service. Andrew Elliott, President and CEO of Foley’s Chocolate, said: “Joining the Puratos family means accelerating growth by leveraging the combined organizations talent and incredible portfolio to deliver the same great quality and world-class service to our customers, with even greater value thanks to Puratos initiatives like Cacao Trace and other innovations.”