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Chocolate Processers Merge


FunnyJohn

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The Rise of Big Chocolate

"Big chocolate is about to get even bigger.

Earlier this month, Reuters reported that commodity behemoth Cargill plans to spend up to $2 billion to buy agribusiness giant Archer Daniels Midland's (ADM's) cocoa business. If the deal goes through, it'll be the second massive industry tie-up of the year: in July, Switzerland-based chocolate manufacturer Barry Callebaut scooped up the cocoa unit of Petra Foods for $860 million, becoming the world's largest cocoa processor."

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