With approval already granted from the US Department of Justice, the European Commission granted conditional clearance for Cargill to acquire Archer Daniels Midland's chocolate business in Europe, completing the regulatory approval process.
“The acquisition underlines Cargill's commitment to meeting our customers' needs and constitutes a milestone for our chocolate growth strategy, strengthening our position as a leading player in the cocoa and chocolate industry," says Bryan Wurscher, president Cargill Cocoa and Chocolate North America. "The new organization will deepen our service to chocolate customers and expand our footprint and production capability significantly."