Factory that makes Downtown Chicago smell like chocolate sold as part of $750M deal

Fuji Oil Holdings of Japan is buying Blommer Chocolate from the family that’s owned it since 1939

Chicago /
Nov.November 25, 2018 11:00 AM

Left: Hiroshi Shimizu, CEO and President of Fuji Oil Group (Credit: Fuji Oil Group, David Wilson iStock)

A Japanese food company paid $750 million to acquire Blommer Chocolate, a 79-year-old Chicago mainstay whose West Loop factory is know for wafting the scent of chocolate across Downtown when the wind is just right.

Osaka-based Fuji Oil Holdings will take complete ownership of Blommer and its five manufacturing sites, according to the Chicago Tribune. The deal is expected to close in the next two months.

CEO Peter Blommer, the company’s third-generation owner, has been soliciting a buyer since at least August. Blommer and his team will continue to manage the company after it’s sold.

Blommer, whose corporate headquarters are in Pennsylvania, employs about 900 people worldwide, including 260 in Chicago. It’s the largest chocolate supplier in North America and the third-largest producer of chocolate ingredients in the world. It was founded in Chicago in 1939.

Blommer recorded $907 million in sales revenue during the year that ended in May. That’s down from $982 million during the previous year, and $998 a year before that.

Fuji Oil Holdings bought Malaysia-based GCB Specialty Chocolates in 2016, and it bought the Australian Industrial Food Services last year. The Blommer acquisition would broaden its holdings to 16 factories across 10 countries. [Chicago Tribune]Alex Nitkin


Related Articles

arrow_forward_ios
2 N Lasalle Street & 200 W Jackson Boulevard in Chicago (us.jll.com, hearncompany.com)
NY’s Foundation Capital, Nightingale aim to buy Loop office towers
NY’s Foundation Capital, Nightingale aim to buy Loop office towers
DRW founder and CEO Don Wilson with the historic property (Restoration Hardware, DRW)
Gold Coast Three Arts Club building sells to Brookfield Asset Management-backed fund
Gold Coast Three Arts Club building sells to Brookfield Asset Management-backed fund
Milwaukee Tool signs lease for Old Post Office space for new Chicago office
Milwaukee Tool signs lease for Old Post Office space for new Chicago office
Milwaukee Tool signs lease for Old Post Office space for new Chicago office
The Civic Opera House at 20 North Wacker Drive (Getty)
Mark Karasick’s 601W faces $195M foreclosure on Civic Opera House
Mark Karasick’s 601W faces $195M foreclosure on Civic Opera House
Two more residential and life sciences buildings greenlighted in Fulton Market
Two more residential and life sciences buildings greenlighted in Fulton Market
Two more residential and life sciences buildings greenlighted in Fulton Market
RT Specialty Doubles office space in move to Third Millennium building in West Loop
RT Specialty Doubles office space in move to Third Millennium building in West Loop
RT Specialty Doubles office space in move to Third Millennium building in West Loop
Leo Burnett tower among properties to be bought in $660M deal
Leo Burnett tower among properties to be bought in $660M deal
Leo Burnett tower among properties to be bought in $660M deal
Cook County Assessor Fritz Kaegi with Aon Center, Willis Tower and Aqua Tower (Getty, Facebook via Kaegi)
Chicago’s trophy landlords infuriated as Kaegi boosts property assessments
Chicago’s trophy landlords infuriated as Kaegi boosts property assessments
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...