Cargill buys two Nestle cocoa processing units

06/30/2004 | FoodNavigator

The move will expand Cargill's presence in the chocolate industry in Europe and will continue the trend of food companies divesting themselves of raw material processing facilities. "An evolution in the market has shown that global suppliers today offer competitive prices through economies of scale -- that means there is no need for us to do it anymore," a Nestle spokesman said, referring to cocoa bean processing.

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