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Blommer Family Is Said to Consider Sale of Chocolate Maker

  • Company working with adviser on $500 million sale process
  • Chicago company founded in 1939 by Henry Blommer Sr.
Cocoa Processing At Transmar Chocolate Factory As Company Targets $7.3 Billion Russian Chocolate Market

Photographer: Andrey Rudakov/Bloomberg

The family owners of Blommer Chocolate Co. are considering a sale that could value the company at about $500 million, people with knowledge of the matter said.

The company is working with an investment bank to look at options, including a sale, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The business is attracting interest from at least one European strategic acquirer and private equity firms, one of the people said.