This drop is attributed to factors such as food inflation and moderated urban consumption.
The deal, signed on April 17, 2025, will establish Moolec as the parent company of the combined group.
The project was initially projected to be completed by 2024 in three phases at a cost of MAD 350 million (about US$35.5M).
JM Posner MD Tim Hills noted that while the company engaged with several interested parties, Ingå Group distinguished itself through its shared culture, approach, and vision.
Founded in Switzerland in 1908, Toblerone produces about 90% of its product at this site.