ADM to divest chocolate business in Q3

By Oliver Nieburg contact

- Last updated on GMT

ADM primes for chocolate plant sales
ADM primes for chocolate plant sales
Archer Daniels Midland (ADM) has confirmed that it will sell its chocolate operations in the next quarter, but the buyer or buyers are still unknown.

Juan Ricardo Luciano, president and chief operating officer of ADM said in yesterday’s earnings call: “We expect to have signed agreement by the end of the third quarter to sell our global chocolate business.”

The company has chocolate manufacturing operations in Hazleton, Pa.; Milwaukee, Wis.; Georgetown, Ontario; Liverpool, U.K.; Manage, Belgium; and Mannheim, Germany.

Earlier this year ADM backed out of plans to sell its joint chocolate and cocoa business ADM Cocoa. In April, it said that it intended retain the majority of its cocoa processing operations, but would sell its chocolate business.

ADM Cocoa has an annually grinding capacity of around 600,000 metric tons (MT) and accounts for 15% of global cocoa processing – third behind Barry Callebaut and Cargill.

Related topics: Ingredients, Chocolate, Cocoa & Sugar

Related news

Related products

show more

Create chewing gum that lasts longer

Create chewing gum that lasts longer

TASTETECH | 07-Nov-2017 | Data Sheet

This data sheet examines how the use of encapsulated high intensity sweeteners in sugar free chewing gum can extend chew time.

Un-encapsulated...

RENEW SUGAR-FREE CHEWING-GUMS WITH EXTRA SOFTNESS

RENEW SUGAR-FREE CHEWING-GUMS WITH EXTRA SOFTNESS

Roquette: Improving well-being by offering the best of nature | 04-Oct-2017 | Application Note

The chewing-gum market experienced a slight decrease over the past few years. With the current change of the consumer demand - strike now while the iron...

GELITA SMART TECHNOLOGY: Performance by Design

GELITA SMART TECHNOLOGY: Performance by Design

Gelita AG | 13-Sep-2017 | Data Sheet

With its latest SMART TECHNOLOGY product range, “Collagen Peptides ST”, GELITA now offers functional ingredients that deliver the best of both worlds:...

Related suppliers