10.01.13
Cocoa and chocolate manufacturer Barry Callebaut, Zurich, Switzerland, successfully closed the acquisition of the Cocoa Ingredients Division from Singapore-based Petra Foods Ltd., following approval from the regulatory authorities. The combination of the two businesses makes Barry Callebaut the world’s largest cocoa and chocolate manufacturer, fully integrated from bean sourcing to the manufacturing of chocolate products. The merger creates an organization with more than 8,000 employees, an estimated annual sales volume of 1.6 million tons and $6.4 billion in sales revenue, as well as further diversifying Barry Callebaut’s global footprint to 50 factories on four continents.
The implementation of the integration started immediately and is expected to take 12 to 18 months. Barry Callebaut will maintain its regional structure—including Region Europe (Western Europe and EEMEA), Region Americas and Region Asia-Pacific—and continue to run its cocoa business (now called “Global Cocoa”) globally. The newly acquired business will be integrated into Global Cocoa.
The implementation of the integration started immediately and is expected to take 12 to 18 months. Barry Callebaut will maintain its regional structure—including Region Europe (Western Europe and EEMEA), Region Americas and Region Asia-Pacific—and continue to run its cocoa business (now called “Global Cocoa”) globally. The newly acquired business will be integrated into Global Cocoa.