Cargill intends to acquire Smet, boosting gourmet chocolate offering
Cargill’s cocoa and chocolate business and Smet, a Belgium-based supplier of chocolate and sweets decorations to the food service and confectionery markets, have announced their intent to bring together their global gourmet chocolate activities.
“The proposed acquisition emphasizes Cargill’s commitment to its customers in the gourmet segment, building on the strengths of both organisations and enhancing complementary capabilities. We will broaden our product portfolio and services to artisans and chocolatiers, bakery, hospitality businesses and food service industries,” says Inge Demeyere, managing director of Cargill’s chocolate activities in Europe, “Smet enjoys great market recognition. As their brand joins Cargill’s existing brand portfolio, their unique entrepreneurial capabilities will be leveraged to allow for a dedicated focus on gourmet customers.”