Nestlé to sell cocoa processing activities

UK/GERMANY – Nestle has agreed the sale of its cocoa bean processing activities in York, UK and Hamburg, Germany to ingredient specialist Cargill.

The sale is part of Nestle’s plan to concentrate its activities on branded value-added products.

The final deal should be signed this month, with the hand over at the beginning of October. Cargill will take on all existing personnel.