Cargill completes acquisition of ADM’s global chocolate business

Cargill has now completed the acquisition of ADM’s global chocolate business for an enterprise value of USD 440 m.
The acquisition underlines Cargill’s commitment to meeting customer needs and constitutes a milestone for its chocolate growth strategy, strengthening its position as a leading player in the cocoa and chocolate industry. The combined business provides Cargill with enhanced capabilities and product ranges to deliver a broad portfolio of products that support the long-term needs of existing and new customers.

Cargill’s cocoa and chocolate business now operates globally with 27 sites in 11 countries with over 3,000 employees and serves customer needs worldwide with a distinctive range of innovative and high quality cocoa and chocolate products, tailor-made for confectionery, bakery, dairy, and other applications. Addressing the European Commission’s conditional clearance, Cargill has agreed to divest ADM’s industrial chocolate production facility in Mannheim, Germany. The facility is kept as a separate entity with its own interim management until transferred to a prospective buyer. Chocolate production onsite and service to customers continues normally.


 

 

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