Petra Foods, the Singapore-based consumer and B2B chocolate and cocoa group, has incorporated a wholly-owned subsidiary into its organisational structure.

In an announcement this morning (19 July), Petra said its has incorporated a new Ecuador subsidiary, DelfiCocoa Ecuador for the purposes of cocoa bean sourcing and processing.

The unit is held through the company’s subsidiaries Delfi Cocoa Investments and Delfi Cocoa Investments, and has an issued capital of US$25m.