Chicago-Based Blommer Chocolate Sold To Japanese Firm For $750M

CHICAGO — Blommer Chocolate Company, a third-generation family business and one of the largest remaining independent chocolate manufacturers, has been sold to a Japanese firm responsible for supplying ingredients. Fuji Oil Holding is buying Blommer for about $750 million, according to Crain's Chicago Business.

The sale was announced Monday and should be finalized in one to two months, the report stated. Blommer's senior management, however, is expected to remain the same, including current CEO Peter Blommer, the report added.

“This is a landmark event in the proud history of Blommer Chocolate Company and begins an exciting new chapter," Peter Blommer said in a statement.

RELATED: Chicago-Based Blommer Chocolate Exploring Potential Sale

The chocolatier was founded in 1939 by Henry Blommer Sr. and two brothers, and it has been growing at a time when the overall industry has been consolidating. Blommer employs more than 900 people, runs five factories in North America and China and had $3 million in revenue on $907 million in sales at the end of its fiscal year in May, Crain's reports.

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Image via Blommer Chocolate Company