Baker McKenzie Wong & Leow advised Cargill on its acquisition of Aalst Chocolate Pte. Ltd., which will significantly expand Cargill’s Asia-Pacific footprint and also its cocoa & chocolate offerings. Upon completion of the transaction, all Aalst assets, including its state-of-the-art manufacturing plant in Singapore, R&D capabilities in Singapore and Shanghai, and its over 200 employees across the region, will join Cargill’s cocoa and chocolate Asia-Pacific operations, according to the company's press release. 

Cargill is a multinational company which provides food, agriculture, financial and industrial products. Cargill Cocoa & Chocolate is committed to providing high quality cocoa and chocolate more sustainably throughout the world.

Aalst Chocolate is the first Singaporean-owned chocolate manufacturer. Its customer base spans across more than 50 countries, exporting to industrial, retail and foodservice clients in key markets such as India, China, Southeast Asia, Oceania, South Korea and Japan. It offers bake-stable and artisan chocolates and compounds, in addition to a range of premium retail chocolate products and luxury pralines.

The team was led by Andrew Martin, managing principal and co-head of the M&A Practice Group, with support from senior associate Mark Jalen Tan and associate Anzhen Chng. 

Commenting on the deal, Andrew said: "We are delighted to have assisted Cargill on this strategically important transaction. We look forward to continue supporting the company as it further grows its footprint in the Asia Pacific and to become the supplier-of-choice for industrial and foodservice customers." 
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