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Archer Daniels Midland Buys German Chocolate Maker

May 29, 2009 (FinancialWire) — Archer Daniels Midland Co. (NYSE: ADM) said it is has completed the acquisition of the Schokinag-Schokolade-Industrie Herrmann GmbH & Co. KG, following approval by antitrust authorities.

Mannheim, Germany-based Schokinag is a producer of industrial chocolate and cocoa powder with manufacturing facilities in Mannheim and in Manage, Belgium, as well as sales offices in Ludlow, England and Bakersfield, California.

In a statement, ADM executive Scott Walker called the acquisition, “an important step in expanding ADM’s global presence in industrial chocolate manufacturing,” that “enables us to more fully meet our customers’ needs across the entire cocoa and chocolate value-chain.” said Scott Walker, managing director, ADM Cocoa International.

ADM Cocoa now has manufacturing capabilities to produce chocolate and cocoa products in Germany, Belgium, United Kingdom, The Netherlands, Cote d’Ivoire, Ghana, Singapore, Brazil, Canada and the United States.

Decatur, Illinois-based Archer Daniels Midland operates more than 230 processing plants, where it converts corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses.

The company operates a crop origination and transportation network connecting crops and markets in more than 60 countries.

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