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Is Wilmar turning into a Willie Wonka with latest acquisition?

PC Lee
PC Lee9/4/2017 3:21 PM GMT+08  • 3 min read
Is Wilmar turning into a Willie Wonka with latest acquisition?
SINGAPORE (Sept 4): The joint venture between agribusiness group Wilmar and premium chocolate maker Aalst Chocolate signifies Wilmar’s foray into a new consumer product segment -- chocolate.
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SINGAPORE (Sept 4): The joint venture between agribusiness group Wilmar and premium chocolate maker Aalst Chocolate signifies Wilmar’s foray into a new consumer product segment -- chocolate.

The JV will also enable both companies to further the existing supplier-customer relationship, says DBS in a Monday report.

“Aalst Chocolate will be able to leverage on Wilmar’s vast manufacturing and distribution network in Asia and penetrate further into China, a rapidly growing chocolate market, and expand into new geographies,” says analyst William Simadiputra who has a “hold” and a $3.32 target price for Wilmar.

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