Sector News

Cargill reaches deal to sell German chocolate unit

February 23, 2016
Food & Drink

U.S. agribusiness giant Cargill said on Monday it had reached an agreement to sell its industrial chocolate production unit in Mannheim, Germany, to Dutch investment companies Nimbus and Varova.

Cargill had agreed to dispose of the activities as part of European Union approval for its acquisition of the global chocolate business of U.S. group ADM (ADM.N) in August 2015.

“Cargill has reached an agreement with Nimbus and Varova regarding the sale of the chocolate business in Mannheim,” a Cargill spokeswoman in Germany told Reuters.

“Depending on approval from authorities we expect that the sale will be completed in the first quarter of 2016.”

The price of the deal and the capacity of Mannheim’s activities were not disclosed.

(Editing by Mark Potter)

Source: Reuters

Related News

February 21, 2021

Zero Waste Europe and ECOS tell EU “mass balance approach” is damaging plastics circular economy

Food & Drink

The signatories delivered a joint letter yesterday evening to the EC advising it to establish a “transparent, ambitious, and circular ‘chain of custody’” method instead.

February 21, 2021

Beyond the Bag Challenge reveals nine winners: “No single answer” to plastic bag pollution crisis

Food & Drink

Funded with US$15 million, the competition took off last July, prompting “suppliers, designers and problem-solvers” to submit environmentally sustainable design solutions and standard plastic bag alternatives.

February 21, 2021

Carlsberg to trial low-carbon glass beer bottles

Food & Drink

Carlsberg Marston’s Brewing Company has partnered with Encirc to trial a glass beer bottle that has the potential to cut the carbon impact of its bottles by up to 90%.

Send this to a friend