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).