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Special Briefing: Hartree Partners Moves to Acquire Touton SA

As reported by cocoaradar.com earlier this month, Hartree Partners, LP has entered exclusive negotiations to acquire Touton SA, one of the world’s most prominent independent commodity traders with deep roots in cocoa

Image shows Touton's long-serving CEO Patrick de Boussac
Touton's long-serving CEO Patrick de Boussac is reportedly planning to retire. Image: Touton
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The deal, expected to close in January 2026 (pending regulatory approval and employee consultations), could redraw the global cocoa trading map.

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

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