FDBusiness.com

Barry Callebaut Strengthens its Presence in Scandinavia

 Breaking News
  • KK Foods Plans £5.5 Million Expansion KK Fine Foods, a leading frozen food manufacturer based at Deeside in Wales, is set to expand and diversify with support from the Welsh Government, creating an additional 40 new...
  • Nestlé Launches Fund to Boost Packaging Innovation Nestlé has announced that it will invest up to SFr2 billion (€1.86 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of...
  • Bosch Packaging Technology is Now Syntegon Syntegon Technology is the new name for Bosch Packaging Technology, following the sale of the former Bosch division. Headquartered in Waiblingen, Germany, Syntegon Technology’s business focus is on intelligent and...
  • Nestlé Launches New KitKat Gold in the UK Nestlé has unveiled a unique addition to its biggest confectionery brand – the new KitKat Gold. KitKat Gold is a combination of trademark crispy wafer on a smooth milk chocolate...
  • 789 Food and Drink Acquisitions in 2019 2019 broke records again for the number of food and drink transactions around the world, with 789 registered on the Zenith Global mergers and acquisitions database, an average of 15...

Barry Callebaut Strengthens its Presence in Scandinavia

Barry Callebaut Strengthens its Presence in Scandinavia
January 23
15:08 2013

Barry Callebaut is strengthening its presence in Scandinavia by acquiring ASM Foods in Sweden from Carletti of Denmark. The transaction includes a specialty factory in Mjolby, focused on the production of specialty compound chocolate, fillings and inclusions. This acquisition will add a total production capacity of 35,000 tonnes.

In addition, Barry Callebaut will take over the industrial chocolate and compound production of Carletti in Denmark including sales to third parties, and at the same time sign a long-term outsourcing agreement to supply Carletti with its requirements for liquid chocolate and compound products.

The total additional volume for Barry Callebaut consisting of the ASM Foods business and the outsourcing agreement with Carletti will be approximately 25,000 tonnes of chocolate, compound and fillings.

As part of the agreement, Barry Callebaut will sell its non-core business of frozen pastry products in Alicante, Spain, to Givesco, the holding company of Carletti and ASM Foods.

Juergen Steinemann, CEO of Barry Callebaut, says: “With the acquisition of ASM Foods we strengthen our portfolio of higher-margin products such as specialty compound chocolate, fillings and inclusions. This transaction will put us in a leadership position in Scandinavia. I am also proud to welcome Carletti as our first outsourcing partner in Scandinavia.”

The total cash-out as a result of the three transactions will amount to SFr33 million (Eur27 million). The closing of all transactions is expected for the summer 2013.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements