Barry Callebaut Acquires Spanish Company La Morella Nuts
Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, is acquiring privately owned Spanish nut manufacturer La Morella Nuts. La Morella Nuts is known as a leading nut specialist producing a variety of high quality nut-based ingredients for the food industry in Europe. The company has a wealth of knowledge and experience in the nuts business with regards to sourcing, processing and innovation that allows for a wide range of products.
Many of Barry Callebaut’s customers are asking for combinations of chocolate and nut products. With the acquisition of La Morella Nuts, Barry Callebaut will become a European leader in nut products extending its existing nut offerings with a wide spectrum of high-quality products, including almonds and hazelnuts, as well as specialty nuts like cashews, pecans, pistachios, macadamia and others.
The acquisition of La Morella Nuts strengthens Barry Callebaut’s market position in adjacent products for both its Gourmet & Specialties Products and its Food Manufacturers Products businesses.
La Morella Nuts manufactures about 8,000 tonnes of nut specialties per year and generated sales revenue of approx. SFr40 million (Eur33 million) in 2011 with 90 employees. The company was founded in 1986 in Reus,S pain. La Morella Nuts has two state-of-the-art plants in Castellvell del Camp and Reus, where its headquarters are located.
The two parties agreed not to disclose any financial details of the transaction. La Morella Nuts will be integrated into Barry Callebaut’s business Region Europe.
