Cargill, Minneapolis, is purchasing Archer Daniels Midland Co.’s global chocolate business for $440 million. The acquisition is an excellent fit with Cargill’s existing chocolate business, according to Cargill, and brings together two organizations with strong talent, broad customer bases and extensive research and development capabilities.
“This acquisition is a major milestone in Cargill's chocolate growth strategy and will help us better serve our customers in North America and Europe," says Bryan Wurscher, president, Cargill Cocoa and Chocolate North America. "It will bring together great people with a deep passion and commitment to producing excellent chocolate. Our customers will benefit from a broader product portfolio, greater access to innovation and product development support."