Fuji Oil Holdings Inc. (TSE:2607) agreed to acquire Blommer Chocolate Company from the Bloomer family for $750 million on November 19, 2018. Under the terms, Fuji will acquire 700 shares of Class A common stock and 79,431 shares of Class B common stock of Blommer. Fuji Oil Holdings will pay cash as consideration for Blommer Chocolate. Fuji will own complete 100% of Blommer, post completion. Cash on hand and bridge loans will be used to finance the transaction. Fuji Oil Holdings will maintain the management structure of Blommer with the current management team after acquisition and intend to maximize synergy as a group. Blommer Chocolate reported total revenues of $907 million, total assets of $581 million, EBITDA of $56 million and net income of $3 million for the year ended May 2018. The Board of Directors of Fuji Oil approved the transaction on November 19, 2018. The transaction is expected to be completed by January 2019. BofA Merrill Lynch acted as financial advisor and Stephen Arcano, Faiz Ahmad, Griff Almy, Taylor Ball, Vincent Cannizzaro III, Matthew Donnelly, Cliff Gross, Alexander Heath, Stacy Kray, Evan Levy, Doruk Onvural, Maria Raptis and Erica Schohn of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Blommer. GCA Corporation acted as financial advisor and Baker & McKenzie LLP acted as legal advisor to Fuji Oil Holdings Inc. (TSE:2607). Fuji Oil Holdings Inc. (TSE:2607) completed the acquisition of Blommer Chocolate Company from the Bloomer family on January 29, 2019. Blommer will become a wholly owned subsidiary of Fuji post completion. The acquisition was completed after end of the waiting period based on US antitrust laws.