Chocolate and cocoa manufacturer Barry Callebaut AG has acquired the commercial vending activities from FrieslandCampina Kievit in order to expand its value-added European specialties business. Key points, according to the company’s website, are as follow:-
- Barry Callebaut to further expand its value-added Specialties business in Europe, becoming a leading supplier of vending powder mixes
- Additional volume of about 20,000 tonnes, and CHF 55 million of sales revenue
- Long-term contract manufacturing agreement, whereby FrieslandCampina Kievit will continue to produce and supply to Barry Callebaut
- Transaction will increase innovation power and offering to customers
- Supporting Barry Callebaut’s goal to drive ‘smart’ growth
Read the full story from Barry Callebaut here