Cargill, an American privately held global food corporation, agreed to acquire Aalst, a Singapore-based world-class chocolate manufacturer. Financial terms were not disclosed. "Singapore and made-in-Singapore products are both highly regarded and reputed for meeting stringent world-class standards. We are proud of Aalst Chocolate's heritage as a Singapore company with a renowned presence of over 18 years in Asia's chocolate industry. Together with Cargill's global expertise and experience, we believe that this new venture will be well-positioned to harness the full potential of exciting synergetic growth possibilities and become an ideal integrated chocolate solution provider for our customers," Richard Lee, Aalst Chocolate Founder and CEO.