Schwartauer Werke Kakao Verarbeitung Berlin (KVB) is a business to business (B2B) supplier of chocolate and semi finished cocoa products.
Cargill said that KVB’s two Berlin plants will complement its existing German cocoa and chocolate facilities in Klein Schierstedt and Hamburg.
Jos de Loor, head of Cargill’s cocoa and chocolate business, in a statement, said that the KVB acquisition would strengthen Cargill’s position in Germany, the largest chocolate market in Europe, and create opportunities to widen its geographical reach.
De Loor added: “We plan to invest significantly in KVB’s facilities to create a superior chocolate house that will enable us to offer customers greater choice, higher quality and extended market reach.”
Cargill has been active in Germany since 1955 and has around 1,600 employees in 12 locations in the country.
Hermann Hauertmann, CEO of KVB said: “The global network of Cargill opens up new opportunities in terms of supply chain and optimized cost structures to the benefit of our customers.”
KVB has two production plants, both in Berlin, Germany. The two plants have a capacity of over 75,000 tonnes of chocolate per year and employ around 180 people.
Upon completion of the deal, after clearance from the regulatory authorities, Cargill said KVB and its employees will become part of its s global network of cocoa and chocolate businesses.
A spokesperson for Cargill told this publication that it was not prepared to comment further on the deal at this juncture.