Press Release: Mergers: Commission opens in-depth investigation into Cargill and ADM’s proposed industrial chocolate merger

On 23 February the European Commission opened an in-depth investigation to assess whether the proposed acquisition of the industrial chocolate business of Archer Daniels Midland ("ADM") by Cargill was in line with the EU Merger Regulation. Both US-based companies supply industrial chocolate as well as fat-based coatings and fillings.