Sector News

EU opens in-depth study of Cargill’s planned buy of ADM chocolate unit

February 24, 2015
Food & Drink
(Reuters) – The European Commission said on Monday it had opened an in-depth investigation into Cargill Inc’s planned acquisition of the industrial chocolate business of rival Archer Daniels Midland Co.
 
The EU executive said it now had until July 8 to investigate the planned $440 million deal designed to expand Cargill’s production capacity in North America.
 
The Commission said its preliminary investigation had shown potential competition concerns in the supply of industrial chocolate to customers in Germany and Britain, where Cargill, ADM and Barry Callebaut were the main suppliers to customers.
 
“The proposed transaction could eliminate an important competitor and reduce the choice of suitable suppliers in already concentrated markets, which could lead to price increases,” the Commission said in a statement. (Reporting By Philip Blenkinsop)

comments closed

Related News

October 23, 2021

Coca-Cola announces 100% plant-based bottle prototype for commercial testing

Food & Drink

Coca-Cola is unveiling a fully plant-based PET (bPET) bottle prototype, excluding the cap and label. The beverage giant has produced a limited run of 900 bottles, confirming the prototypes are recyclable within existing recycling infrastructures, alongside PET from oil-based sources.

October 23, 2021

McDonald’s and Starbucks increase investment in reusable packaging and fiber-based recyclability

Food & Drink

McDonald’s and Starbucks are committing an additional US$10 million to the NextGen Consortium, an initiative aiming to improve environmental sustainability standards in the foodservice industry. Founded by investment firm Closed Loop Partners, the Consortium is investigating methods of advancing the design, commercialization and recovery of packaging materials.

October 23, 2021

Hortifrut’s US$280M acquisition of Atlantic Blue bolsters European position

Food & Drink

Hortifrut is purchasing Atlantic Blue for US$280 million. Atlantic Blue is a key player in the growing and marketing of berries in Europe and Northern Africa, based in Huelva, Spain. The transaction will allow Hortifrut to expand its growing area by about 20% and consolidate its position as the largest fresh blueberry platform in Europe and the UK.

Send this to a friend