Minneapolis / MN. (cg) The European Commission has granted conditional clearance for Cargill Inc. to acquire Archer Daniels Midland’s (ADM) chocolate business in Europe. Together with the approvals granted earlier by the US Department of Justice, this completes the regulatory approval process for the global deal.
The acquisition underlines Cargill’s commitment to meeting customer needs and constitutes a milestone for our chocolate growth strategy. It is strengthening our position as a leading player in the cocoa and chocolate industry. The new organisation will deepen our service to chocolate customers and expand our footprint and production capability significantly. Customers will benefit from a combined business with a broad range of high quality cocoa and chocolate products for confectionery, bakery, dairy, and other applications.
We are looking forward to soon be welcoming more than 650 new colleagues and to bring together people with a deep passion, experience and commitment to producing excellent chocolate in our extended chocolate operations.
After closing of the transaction, three chocolate, compound and liquor production sites in North America – Milwaukee (WI), Hazleton (PA) and Georgetown (CA / Ontario) and three chocolate and compound production sites in Europe – Liverpool (UK), Manage (BE) and Mannheim (DE) will transfer to Cargill together with some brands.
Addressing the European Commission’s competition concerns, Cargill has agreed to divest ADM’s industrial chocolate production facility in Mannheim, Germany. The facility will be kept as a separate entity with its own interim management until an agreement with a prospective buyer has been made.
Growing our business goes hand in hand with our commitment to securing the long-term viability of a strong and sustainable cocoa bean supply chain. With the Cargill Cocoa Promise, we are supporting progress towards a transparent cocoa supply chain, enabling farmers to achieve better livelihoods and delivering a sustainable supply of cocoa and chocolate products to meet the growing demands from customers.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- JAB Acquires Mondelez’s Stake in JDE Peet’s
- Just Eat Takeaway.com: Q3-2024 Trading Update
- Nestle S.A.: reports nine-month sales for 2024
- Just Eat Takeaway.com to Expand Retail Media Programme
- Dominos Pizza: Announces Q3-2024 Financial Results
- Middleby: Acquires Emery Thompson Company
- Europastry S.A.: shelves IPO plans once again
- Buyers Edge Platform: acquires Parsly Software
- Almarai: announces interim 9M-2024 financial results
- Emmi: completes acquisition of Mademoiselle Desserts
- Luckin Coffee: breaks ground on Innovation and Production Center
- Strong result for Lantmännen in the second tertial 2024
- Pladis: opens new chocolate cafe in Dubai Mall
- Apropos CP Kelco: Tate + Lyle announces additional information
- Lesaffre: acquires a majority stake in Biorigin
- CA-1 Robot: Circus Group Launches Munich Showroom
- Ferrero: opens new production facility in Illinois
- HungryPanda: Raises 55 Million to Accelerate Growth
- McCormick: Reports Third Quarter 2024 Performance
- Subway Sandwiches: Continues to Expand Its Global Presence