The US agricultural processing giant Archer Daniels Midland Company (ADM) has acquired the UK-based chocolate manufacturer Classic Couverture from Edward Billington and Son.

The deal continues the expansion of ADM’s European industrial chocolate manufacturing capabilities. ADM is a global leader in cocoa processing with plants in North and South America, Europe, Asia and Africa, and is also a premier industrial chocolate manufacturer in North America.

“This acquisition provides a solid platform for ADM Cocoa’s expansion in European industrial chocolate manufacturing, allowing us to better serve our customers’ finished chocolate needs,” said Mark Bemis, president of ADM Cocoa. “Classic Couverture’s state-of-the-art manufacturing plant in Liverpool complements our existing facilities in Europe, allowing us to maximise synergies between operations.”

Financial details of the deal were not included in the statement published by ADM but local reports put the purchase price at GBP10m (US$18.7m).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Just Food.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.