Puratos closes on €1 billion financing, improves livelihood of cocoa farmers globally
Puratos has closed on a €1 billion financing from a group of private investors including Barings as the lead account. The first draw of the financing will be used to further accelerate the Cacao-Trace program which was founded by Puratos, the international manufacturer of ingredients for the bakery, patisserie, and chocolate sectors. Cacao-Trace helps cocoa farmers increase their revenue thanks to the production of superior tasting chocolate, achieved by mastering the fermentation process.