Archer Daniels Midland Company (ADM) announced it has signed an agreement to purchase Schokinag-Schokolade-Industrie Herrmann GmbH & Co. KG, a European producer of chocolate and cocoa powder, upon approval by relevant antitrust authorities. "ADM's acquisition of Schokinag will strengthen our position in Europe, the world's largest chocolate market," said Scott Walker, managing director, ADM Cocoa International. "By integrating Schokinag into our cocoa business, we will better serve this steadily growing chocolate market and realize significant efficiencies in sourcing, operations and transportation."
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