10.01.12
In light of the company’s decision to focus entirely on business-to-business, Barry Callebaut AG, Zurich, Switzerland, has announcedits intention to sell its factory and the related business in Dijon, France, to Chocolaterie de Bourgogne. After the sale of Barry Callebaut's European consumer products business in Stollwerck, Germany, to the Belgian-based Baronie Group in 2011, the Dijon factory remained the last consumer factory within the group.In order to support the business under the new ownership, Barry Callebaut has agreed that Chocolaterie de Bourgogne will continue to provide 12,000 tons of liquid chocolate per year to Barry Callebaut under a five year supply contract.As a result of this divestiture, Barry Callebaut expects to report a one-time loss from the discontinued operation of approximately CHF 65 million (EUR 54 million / USD 70 million) for the fiscal year 2011-2012, which includes the operating result of the discontinued operation, one-off impairments and other one-off expenses incurred in relation to the transaction.