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Hartree-Touton deal: What it Means for the Cocoa Sector

Analysis: Hartree Partners, a US-based energy and commodities trader, is reportedly in negotiations to acquire the storied French agro-industrial firm Touton, which handles nearly 10% of global cocoa trade

,   and  Anthony Myers
3 min read
Image shows sacks of cocoa stacked with Touton label
Touton is already a major player in the cocoa sector, handing around 10% of trade. Image: Touton Group

The potential Hartree–Touton deal, was revealed on Monday 11 August by Reuters after discussions occurred in person around a month ago between Touton executives and Hartree’s top executives, including founding partner Stephen Hendel and head of investments Scott Levy.

CocoaRadar understand that Touton CEO Patrick de Boussac, nearing retirement, is reportedly open to a sale, aligning Touton’s leadership transition with Hartree’s acquisition strategy. de Boussac has been the architect behind Touton’s transformation (since taking over the company in 1992) from a regional spice trader into a significant global commodity player.

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