Cargill Announces Acquisition of German Chocolate BusinessBy Cargill, PRNE
Tuesday, January 11, 2011
MOUSCRON, Belgium, January 12, 2011 - Cargill is expanding its cocoa and chocolate business in
Europe through the acquisition of the business of Schwartauer Werke GmbH &
Co. KG Kakao Verarbeitung Berlin, ("KVB"), an integrated chocolate company
based in Germany.
KVB has two production plants, both in Berlin, Germany. The two plants
have a capacity of over 75,000 tonnes of chocolate per year and employ around
180 people. Upon completion of the deal, after clearance from the regulatory
authorities, KVB and its employees will become part of Cargill's global
network of cocoa and chocolate businesses, and benefit from the greater scale
of the integrated operation.
"This acquisition marks a significant step in Cargill's
chocolate growth strategy in Europe and our ability to better serve our
existing and future customers," commented Jos de Loor, Head of Cargill's
cocoa and chocolate business. "The acquisition will strengthen Cargill's
position in Germany, the largest chocolate market in Europe, and create
opportunities to expand our chocolate business into new markets."
KVB's two Berlin plants will complement Cargill's existing
German cocoa and chocolate facilities in Klein Schierstedt and Hamburg. Once
integrated into Cargill, the business and its customers will fully benefit
from Cargill's deep knowledge in cocoa and chocolate and its broad expertise
in food ingredients and technologies.
Combining KVB's expertise with Cargill's consistently high
standards in chocolate, its access to high quality beans at origin, and its
ability to manage ingredient price risks will stimulate further growth.
De Loor added: "The integration of the KVB chocolate assets
and people into Cargill will strengthen our ability to deliver efficient and
innovative solutions for our customers. We plan to invest significantly in
KVB's facilities to create a superior chocolate house that will enable us to
offer customers greater choice, higher quality and extended market reach."
Hermann Hauertmann, CEO of KVB commented "This transaction
provides the basis for continued growth of KVB, both in Germany as well as
internationally. The global network of Cargill opens up new opportunities in
terms of supply chain and optimized cost structures to the benefit of our
customers. We are confident that our people and our operations will deliver
significant value to Cargill's existing Cocoa and Chocolate business and look
forward to develop innovative quality products for our valued customers."
Completion of the acquisition is expected in the first part of
Notes for editors:
Cargill Cargill is an international producer and marketer of food,
agricultural, financial and industrial products and services. Founded in
1865, the privately held company employs 131,000 people in 66 countries.
Cargill helps customers succeed through collaboration and innovation, and is
committed to sharing its global knowledge and experience to help meet
economic, environmental and social challenges wherever it does business.
For more information, visit www.cargill.com.
About Cargill in Germany
Cargill has been active in Germany since 1955 and has around
1,600 employees in 12 locations in the country - in Barby, Frankfurt-Höchst,
Hamburg (three locations), Klein Schierstedt, Krefeld, Malchin, Mainz, Riesa,
Salzgitter and Wittenberge where it has a joint venture producing biodiesel
with Agravis Raiffeisen AG.
About Cargill Cocoa & Chocolate
Cargill Cocoa & Chocolate offers the food industry a wide
range of both standard and customised cocoa and chocolate ingredients to be
used in bakery, confectionery, and dairy applications all over the world. Our
product range includes high quality Gerkens(R) cocoa powders, chocolate,
coatings, fillings, cocoa liquors and cocoa butters. With years of experience
in technical food expertise Cargill supports its customers in new recipes and
new product development.
To secure a good quality and sustainable supply of cocoa beans
we have cocoa bean sourcing operations in the cocoa growing countries of the
world and processing plants in Belgium, Brazil, Canada, Côte d'Ivoire,
France, Germany, Ghana, the Netherlands, UK and the USA - fully dedicated to
produce in accordance with the highest food safety standards and resulting in
delicious cocoa and chocolate products for our customers.
Schwartauer Werke Kakao Verarbeitung Berlin (KVB) is one of
the leading German business-to-business cocoa and chocolate manufacturers.
With more than 45 years of experience in the production of chocolate and semi
finished cocoa products, KVB has developed unique product expertise for
national and international customers. Customers range from large, small and
medium sized European confectionary producers in the chocolate, baking and
ice-cream industry. KVB sources from cocoa producing countries all over the
world and is committed to deliver tailored solutions to its customers whether
they need standard or highly specialised cocoa products.
KVB is part of the AOH Nahrungsmittel Group located in Bad
Schwartau. The AOH Group of companies which also include Schwartauer Werke as
well as the Swiss based Hero Group is controlled by Dr. Arend Oetker.
CONTACT: Corinne Holtshausen: +44-1932-861174, Corinne_Holtshausen at Cargill.com
Tags: belgium, Cargill, Germany, January 12, Mouscron