Cargill Cocoa & Chocolate

Update on KVB acquisition by Cargill Cocoa & Chocolate (21/04/2011)

In January we were happy to announce our intention to acquire KVB (Kakao Verarbeitung Berlin). KVB is a dynamic business with more than 40 years of experience in chocolate and a commitment to satisfying customers with innovative, customized product solutions. The acquisition is not only important for KVB, it also marks a significant step in Cargill Cocoa & Chocolate's growth strategy in Europe. Across the bakery, confectionery and ice-cream categories, the integration of KVB's assets and people into Cargill's global network will create new opportunities to deliver efficient and innovative solutions.

Once EU-approval has been granted, Cargill Cocoa & Chocolate will assume ownership of KVB at the beginning of the next month after approval date. This is likely to be on June 1 or July 1, depending on when we receive EU approval. We will then proceed with a phased integration. We look forward to welcoming KVB into the Cargill family of companies.

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