Barry Callebaut strengthens its presence in Scandinavia
Barry Callebaut /
Barry Callebaut strengthens its presence in Scandinavia
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Acquisition of ASM Foods AB in Sweden
* Becoming the leader in Scandinavia through the acquisition of ASM Foods in
Sweden from Carletti A/S of Denmark, including a specialty plant to produce
compound chocolate and fillings
* Taking over industrial chocolate and compound production of Carletti A/S,
Denmark and signing of a long-term outsourcing agreement
* Overall additional volume of about 25,000 tonnes of chocolate, compound and
fillings
Zurich/Switzerland, January 18, 2013 - Barry Callebaut, the world's leading
manufacturer of high-quality cocoa and chocolate products, is strengthening its
presence in Scandinavia by acquiring ASM Foods AB in Sweden from Carletti A/S of
Denmark. The transaction includes a specialty factory in Mjölby, 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 A/S in Denmark including sales to third parties,
and at the same time sign a long-term outsourcing agreement to supply Carletti
A/S with their 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 A/S, the holding company
of Carletti A/S and ASM Foods AB.
Juergen Steinemann, CEO of Barry Callebaut, said: "With the acquisition of ASM
Foods AB 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 A/S as
our first outsourcing partner in Scandinavia."
The total cash-out as a result of the three transactions will amount to CHF 33
million (EUR 27 million / USD 36 million). The closing of all transactions is
expected for the summer 2013.
***
Carletti Group (www.carletti.com):
Owned by Givesco A/S, the Carletti Group develops and produces a wide variety of
chocolate and confectionery products, primarily in Denmark and Northern Europe.
The Carletti Group consists of the parent company Carletti A/S, based in Aarhus,
Denmark, and the two subsidiaries ASM Foods AB in Mjölby, Sweden and Carletti
Polska Sp. zo.o. in Pruszkow, Poland. ASM Foods AB is the market leader
supplying ingredients to the Scandinavian bakery, ice cream and dairy sector.
Barry Callebaut (www.barry-callebaut.com):
With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2 billion)
for fiscal year 2011/12, Zurich-based Barry Callebaut is the world's leading
manufacturer of high-quality cocoa and chocolate - from the cocoa bean to the
finest chocolate product. Barry Callebaut is present in 30 countries, operates
around 45 production facilities and employs a diverse and dedicated workforce of
about 6,000 people. Barry Callebaut serves the entire food industry focusing on
industrial food manufacturers, artisans and professional users of chocolate
(such as chocolatiers, pastry chefs or bakers), the latter with its two global
brands Callebaut(®) and Cacao Barry(®). Barry Callebaut is the global leader in
cocoa and chocolate innovations and provides a comprehensive range of services
in the fields of product development, processing, training and marketing. Cost
leadership is another important reason why global as well as local food
manufacturers work together with Barry Callebaut. Through its broad range of
sustainability initiatives and research activities, the company works with
farmers, farmer organizations and other partners to help ensure future supplies
of cocoa and improve farmer livelihoods.
***
Contacts:
for investors and financial analysts: for the media:
Evelyn Nassar Raphael Wermuth
Head of Investor Relations Head of Media Relations
Barry Callebaut AG Barry Callebaut AG
Phone: +41 43 204 04 23 Phone: +41 43 204 04 58
evelyn_nassar@barry-callebaut.com raphael_wermuth@barry-callebaut.com
The complete news release can be downloaded from the following link:
Press Release (PDF):
http://hugin.info/100441/R/1671233/543228.pdf
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Source: Barry Callebaut via Thomson Reuters ONE
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