ADM finalizes purchase of German chocolate maker
May 29, 2009
by Eric Schroeder
DECATUR, ILL. — Archer Daniels Midland Co. on Friday said it has completed the acquisition of the Schokinag-Schokolade-Industrie Herrmann GmbH & Co. KG. The announcement comes two days after the acquisition received the go-ahead from the European Commission. The acquisition first was announced on Jan. 23.
Headquartered in Mannheim, Germany, ADM Schokinag is one of Europe’s leading producers of industrial chocolate and cocoa powder with manufacturing facilities in Mannheim and in Manage, Belgium, as well as sales offices in Ludlow, England; and Bakersfield, Calif.
"This acquisition is an important step in expanding ADM’s global presence in industrial chocolate manufacturing and enables us to more fully meet our customers’ needs across the entire cocoa and chocolate value-chain," said Scott Walker, managing director, ADM Cocoa International.
With the acquisition, ADM Cocoa now has manufacturing capabilities to produce chocolate and cocoa products in Germany, Belgium, the United Kingdom, The Netherlands, Cote d’Ivoire, Ghana, Singapore, Brazil and Canada.