Cargill Completes Acquisition of German Chocolate Business

By Cargill, PRNE
Tuesday, May 31, 2011

MOUSCRON, Belgium, June 1, 2011 -

Cargill has today completed the acquisition of the assets and
business of Schwartauer Werke GmbH & Co. KG Kakao Verarbeitung Berlin,
("KVB"), the integrated cocoa and chocolate company. Already the world's
leading processor of cocoa, this acquisition means that Cargill now becomes
the leading provider of industrial chocolate in Germany, Europe's largest
chocolate market.

KVB's two production plants, based in Berlin, will complement
Cargill's existing German cocoa and chocolate facilities in Klein Schierstedt
and Hamburg, as well as its network of facilities in Europe, Brazil, Africa
and the United States. These two plants will expand Cargill's production
capacity by over 75,000 metric tonnes of chocolate per year, as well as
increasing its workforce by approximately 180 employees.

"We are delighted that this acquisition has been completed and
that KVB is now officially part of Cargill," commented Jos de Loor, Managing
Director 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."

The integration of KVB into Cargill's cocoa and chocolate
business will begin immediately. The combination of Cargill's expertise in
production, origination, and management of price risk coupled with KVB's
capabilities, professional workforce and customer base, will create an
enhanced cocoa and chocolate house that will offer customers - across a broad
spectrum of food ingredient categories - innovative solutions and specialty

De Loor added: "We are excited to welcome the employees of KVB
into our Cargill family and we look forward to working closely with KVB's
customers. This business will support our continued growth in Europe and our
intention is to invest in our combined capabilities to provide all our
customers with superior choice, high quality and extended market reach."

Notes for editors:


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

For more information, visit

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.

About KVB

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.

    Wendy Garbutt


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