ADM's cocoa business will add eight factories, 10 warehouses, four innovation centres and more than 1,500 employees to Olam's current cocoa sourcing business. Olam will also acquire ADM's deZaan brand, among others. The addition of ADM's capacity of 600,000 tonnes to Olam's current 100,000 tonnes gives it a market share of about 16 per cent of global world cocoa processing volumes, behind Barry Callebaut and Cargill. The location of ADM's factories - in Brazil, Canada, Europe, Singapore and West Africa - enables the firm to have "the right footprint" between origin and destination processing, said its CEO Sunny Verghese at a briefing on Tuesday. With cost savings and revenue synergies, Olam expects to achieve synergy potential of US$35 million and US$40 million. "This is a transformational deal, and it will take us some time to integrate the business and extract full value," said executive director of finance and business development A Shekhar.