Cargill, Minneapolis, has completed the acquisition of ADM’s global chocolate business for an enterprise value of $440 million. 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. Cargill’s cocoa and chocolate business now operates globally with 27 sites in 11 countries and with more than 3,000 employees. In addition, it serves customer needs worldwide with cocoa and chocolate products for confectionery, bakery, dairy and other applications.