Cargill acquires German chocolate business
June 1, 2011
MOUSCRON, BELGIUM — Cargill has completed the acquisition of Schwartauer Werke GmbH & Co. KG Kakao Verarbeitung Berlin, a cocoa and chocolate company. The acquisition will make Cargill the leading provider of industrial chocolate in Germany.
“We are delighted that this acquisition has been completed and that KVB is now officially part of Cargill,” said Jos de Loor, managing director for Cargill Cocoa & Chocolate. “This acquisition marks a significant step in Cargill’s cocoa and chocolate growth strategy in Europe and secures our German market leadership position to serve our customers across a broad range of food categories with chocolate products.”
KVB had two plants in Berlin that will expand Cargill’s production capacity by more than 75,000 tonnes of chocolate a year. The integration of the KVB business into Cargill will begin immediately.