Archer Daniels Midland Buys German Chocolate Maker

Food processor said Friday it agreed to acquire chocolate and cocoa powder producer Schokinag-Schokolade-Industrie Herrmann GmbH & Co.

NEW YORK (AP) -- Food processor Archer Daniels Midland Co. said Friday it agreed to acquire Schokinag-Schokolade-Industrie Herrmann GmbH & Co., a German chocolate and cocoa powder producer.

Financial terms were undisclosed.

ADM said the acquisition will allow it to strengthen its cocoa and chocolate supplier business in Europe.

Schokinag, based in Mannheim, Germany, makes chocolate and other cocoa products in Mannheim and in Manage, Belgium.

More in Supply Chain