Barry Callebaut closes on KLK Cocoa purchase
April 30, 2008
by Eric Schroeder
ZURICH, SWITZERLAND — Barry Callebaut announced it has closed on its acquisition of a 60% stake in KLK Cocoa in Malaysia from Kuala Lumpur Kepong Berhad following approval of the Ministry of International Trade & Industry of Malaysia.
KLK Cocoa will now change its name to Barry Callebaut Malaysia Sdn Bhd.
According to Barry Callebaut, the acquisition gives it "a strong basis to further expand its footprint in Asia-Pacific, a region offering significant growth potential."
KLK Cocoa is involved in cocoa processing and the manufacture of chocolate. The company’s customer base includes multinational food manufacturers and food specialists in Malaysia, Japan, India, the European Union and Australia. The company has annual capacity of 70,000 tonnes for cocoa products comprising cocoa liquor, cocoa powder and cocoa butter and of 10,000 tonnes for the chocolate and compound.