DECATUR, Ill.—Archer Daniels Midland Company signed an agreement to purchase Schokinag-Schokolade-Industrie Herrmann GmbH & Co. KG, one of Europe’s leading producers of chocolate and cocoa powder. The purchase is subject to approval by antitrust authorities.
“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. 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,” said Mark Bemis, vice president, ADM Cocoa and Milling.
