Adm - Articles - Page 14 | Snack Food & Wholesale Bakery

Crossroads for chocolate? The uncertain future of confectionery's favorite food.

Current indicators point to more complex choices on the horizon, ranging from healthy to hedonistic, from simple to sophisticated.

Bernie Pacyniak

May 21, 2015

Less than a year ago, it seem chocolate’s future teetered on the brink of extinction, a series of apocalyptic and man-made events dooming it to shortages and luxury pricing.

Olam

ADM to sell global cocoa business to Olam for $1.3B

Deal establishes Olam Cocoa as one of the world’s top three cocoa processors.

Crystal Lindell

December 17, 2014

Archer Daniels Midland Co. is getting completely out of the cocoa business, while Olam Cocoa is moving into the category’s big leagues.

ADM to establish tech center in Kentucky

December 11, 2014

The new Erlanger, KY, facility will be co-located with WILD Flavors and eventually create up to 200 jobs in the region.

Cargill to buy ADM's chocolate business

Purchase expands Cargill's chocolate footprint in North America and Europe.

Crystal Lindell

September 2, 2014

Cargill has agreed to purchase Archer Daniels Midland Co. (ADM)'s global chocolate business for $440 million.

ADM

ADM expects sale of chocolate business by end of third quarter

President and COO Juan Luciano reveals timetable during analysts’ conference call.

Bernie Pacyniak

August 6, 2014

True to its plan, ADM confirmed that it will sell its chocolate business, most likely by the end of the third quarter.

ADM expands food ingredient offerings with acquisition of WILD Flavors

$3 billion acquisition adds flavor systems to portfolio of specialty ingredients.

July 9, 2014

Decatur, Ill.-based Archer Daniels Midland Company (ADM) will acquire WILD Flavors GmbH in an all-cash transaction valued at $3 billion (€2.3 billion), the move subject to regulatory approvals and expected to close at the end of the year.

ADM

ADM to pursue sale of chocolate business only

Company plans to keep the majority of its cocoa press operations.

Crystal Lindell

April 16, 2014

ADM also said it had recently had extensive negotiations with a potential buyer about the sale of the company’s global cocoa and chocolate business, but in the end, they couldn’t agree on terms.

ADM to move global headquarters to Chicago

March 6, 2014

Decatur, Ill.-based Archer Daniels Midland Co. (ADM) announced in February that it’s moving its global headquarters to downtown Chicago.

ADM names Juan R. Luciano president

February 27, 2014

Archer Daniels Midland Co. promotes COO Juan R. Luciano to president, a position previously held by Patricia Woertz, ADM chairman and CEO.

ADM health outreach program helps Ghanaian farmers, families

67 communities in Ashanti region receive broad range of services.

July 24, 2013

ADM Cocoa Ghana Limited (a cocoa processing company located in Kaase-Kumasi), in collaboration with GIZ (Gesellschaft für Internationale Zusammenarbeit), a German sustainable development organization, has developed a community health outreach program that benefits 67 communities in the Ashanti region of Ghana.