ADM completes acquisition of German chocolate manufacturer
Rolle, Switzerland (ots)
Archer Daniels Midland Company (NYSE: ADM) announced today that is has completed the acquisition of the Schokinag-Schokolade-Industrie Herrmann GmbH & Co. KG, following approval by relevant antitrust authorities. The acquisition was announced on January 23, 2009.
ADM Schokinag, headquartered in Mannheim, Germany, and one of Europes leading producers of industrial chocolate and cocoa powder, has manufacturing facilities in Mannheim and in Manage, Belgium, as well as sales offices in Ludlow, England; and Bakersfield, Calif., U.S.
This acquisition is an important step in expanding ADMs 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.
ADM Cocoa now has manufacturing capabilities to produce chocolate and cocoa products in Germany, Belgium, United Kingdom, The Netherlands, Cote dIvoire, Ghana, Singapore, Brazil, Canada and the United States.
About ADM
Every day, the 27,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 230 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the worlds premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2008, were $70 billion. For more information about our Company and our products, visit: www.adm.com
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