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Cargill gains approval for ADM deal that includes Milwaukee's Ambrosia chocolate

2015-07-17 19:33:33| Food - Topix.net

About 245 workers at the Ambrosia chocolate plant in Milwaukee will move onto the payroll of Cargill Corp. through the close of a deal between the Minneapolis-based food processing company and Archer Daniels Midland Co. Cargill said Friday that the European Commission granted conditional clearance for the $440 million purchase from ADM announced in September 2014, the final regulatory hurdle for the transaction that includes the Ambrosia cocoa processing plant at 12500 W. Carmen Ave. Cargill acquires ADM's chocolate business, including plants in Pennsylvania, the U.K., Belgium and Germany.

Tags: includes deal approval chocolate

 

Cargill gains approval for ADM deal that includes Milwaukee's Ambrosia chocolate

2015-07-17 19:03:23| Agriculture - Topix.net

About 245 workers at the Ambrosia chocolate plant in Milwaukee will move onto the payroll of Cargill Corp. through the close of a deal between the Minneapolis-based food processing company and Archer Daniels Midland Co. Cargill said Friday that the European Commission granted conditional clearance for the $440 million purchase from ADM announced in September 2014, the final regulatory hurdle for the transaction that includes the Ambrosia cocoa processing plant at 12500 W. Carmen Ave. Cargill acquires ADM's chocolate business, including plants in Pennsylvania, the U.K., Belgium and Germany.

Tags: includes deal approval chocolate

 
 

EU conditionally clears Cargill purchase of ADM chocolate business

2015-07-17 15:54:00| Agriculture - Topix.net

The European Commission said on Friday that it had approved Cargill's $440 million acquisition of rival Archer Daniels Midland Co's global chocolate business, subject to conditions. The Commission said its investigation had shown the deal would reduce competition in an already concentrated market for industrial chocolate and risked increasing prices for customers located near the parties' German plants, especially small and medium-sized customers.

Tags: business purchase chocolate adm

 

ADM donation to help state maintain state parks and recreation areas

2015-07-15 22:24:19| Agriculture - Topix.net

Archer Daniels Midland Company today presented a $325,000 donation to Living Lands & Waters, an organization that promotes the health and vitality of U.S. inland waterways, at a volunteer cleanup event at Starved Rock State Park in Oglesby, Illinois. The donation brings ADM's total support for the organization since 2004 to more than $1.7 million.

Tags: state areas maintain recreation

 

ADM donation to help state maintain state parks and recreation areas

2015-07-15 21:41:16| Food - Topix.net

Archer Daniels Midland Company today presented a $325,000 donation to Living Lands & Waters, an organization that promotes the health and vitality of U.S. inland waterways, at a volunteer cleanup event at Starved Rock State Park in Oglesby, Illinois. The donation brings ADM's total support for the organization since 2004 to more than $1.7 million.

Tags: state areas maintain recreation

 

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