Natra, Barry Callebaut to combine chocolate business
March 03, 2009
by FoodBusinessNews.net Staff
ZURICH, SWITZERLAND — Barry Callebaut and Natra, a European private label chocolate player, have signed a memorandum of understanding to possibly integrate Barry Callebaut’s European consumer chocolate business into Natra.
The potential combination of the businesses would create a significant private label and third-party chocolate products maker in Europe with estimated annual sales of around €850 million. Barry Callebaut would transfer its consumer chocolate division, Stollwerck, to Natra.
The transaction would allow both parties to concentrate on their core businesses, and it would bring together two entities that are complementary in geographical presence, know-how and product range. Barry Callebaut would focus on its core business with industrial and artisanal customers and become a minority shareholder of Natra. The transaction also would include a significant long-term outsourcing contract under which Barry Callebaut would supply a minimum volume of 85,000 tonnes per year of liquid chocolate to Natra.
The final structure of the transaction still needs to be negotiated, and the companies believe the transaction should be executed this summer.