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Cargill Inc. Buys Archer Daniels Midland Co. Chocolate Business for $440 Million


Cargill Inc., a commodity merchant, announced it is acquiring Archer Daniels Midland Co.’s chocolate business for $440 million as a way to expand its production capacity in North America. This is Cargill’s biggest acquisition in the last year, as it has worked to increase its presence in the chocolate making market. Three chocolate plants in North America and three in Europe are part of the acquisition. Bryan Wurscher, President of Cargill Cocoa and Chocolate North America, said the deal is a “major milestone in Cargill’s chocolate growth strategy.”