Blog: Dean BestBrussels clears Cargill's ADM chocolate buy - with a condition

Dean Best | 20 July 2015

Cargill's move to buy Archer Daniels Midland's chocolate business has cleared its last regulatory hurdle after clearance from the European Commission. But Brussels has asked Cargill to offload part of the assets.

The companies announced a US$440m deal last September. In February, the Commission said it would launch an in-depth investigation in the deal after an initial look showed "potential" competition concerns in the supply of industrial chocolate in the UK and Germany.

Cargill and ADM were two of the three largest business-to-business chocolate suppliers in these markets, alongside Switzerland's Barry Callebaut

To address the Commission's concerns over the impact the deal could have on competition, Cargill has agreed to offload ADM's industrial chocolate production facility in Mannheim, Germany.

Cargill said the facility will be kept as a separate entity with its own interim management until an agreement with a prospective buyer has been made.

The company will keep two chocolate, compound and liquor production sites in the US, one in Canada, and two chocolate and compound production sites in Europe, one in the UK and the other in Belgium.

BLOG

Consumers are cooking for social media - and how brands can capitalise

We hear a lot in the food industry about two interconnected trends: and social media and “foodie” culture....

NEWS

Almond group Blue Diamond increases capacity 

Almond marketer and processor Blue Diamond Growers is increasing its capacity with the opening of a new bulk storage warehouse in Saldia, California. ...

BLOG

Nestle announces changes to senior team with new CEO on horizon

Nestle, set to welcome a new CEO on 1 January, has announced more changes to the make-up of its senior management team....

BLOG

Blue Bell Creameries involved in another safety scare

Blue Bell Creameries is trying to win back the trust of consumers after a fatal listeriosis outbreak last year was linked to its products - but in recent days the US ice cream maker has issued another...

BLOG

Hain Celestial's Orchard House deal waved through

The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....

just-food homepage



Forgot your password?