“This acquisition will be an excellent fit for our business as we continue to enhance our global presence across the entire cocoa and chocolate value chain,” said Mark Bemis, Vice President, ADM Cocoa and Milling. “The expertise of the people, the tradition of quality represented in Schokinag, and the scope of the physical assets make our acquisition an important step in positioning ADM to become the preferred supplier of cocoa and chocolate solutions for European customers.”
The purchase is subject to approval by relevant antitrust authorities.
Archer Daniels Midland Co., Rolle, Switzerland, has signed an agreement to purchase Schokinag-Schokolade-Industrie Herrmann GmbH & Co. KG. ADM is a supplier of cocoa and chocolate ingredients, serving customers in the confectionery, bakery, dairy, and other food industries. Schokinag, headquartered in Mannheim, Germany, manufactures chocolate and other cocoa products in Mannheim and in Manage, Belgium. It has sales offices in Ludlow, U.K. and Bakersfield, Calif.