Barry Callebaut and Hershey complete strategic agreement
Jul 17, 2007
Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, and The Hershey Company (NYSE:HSY), North America’s leading manufacturer of high-quality chocolate and confectionery products, today announced that they have entered into agreements for a strategic supply and innovation partnership. In May 2007, the parties announced their intention to enter into these agreements. Barry Callebaut will start liquid chocolate and finished product deliveries to Hershey within the next few months.
Barry Callebaut enters attractive Indian chocolate market - Barry Callebaut to open sales office & Chocolate Academy in Mumbai, India
Jul 13, 2007
Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, will enter the fast-growing Indian chocolate market by opening a sales office in Mumbai in September 2007. The company will also inaugurate a new Chocolate Academy in India’s largest city in December, where Indian confectioners can enhance their chocolate skills through courses and practical workshops. The entry into the Indian market will allow Barry Callebaut to capture the promising growth potential in the region’s chocolate market and is in line with its strategy to expand its presence in fast-growing emerging markets.
Barry Callebaut survey finds Americans love milk chocolate but are experimenting with other varieties
Jul 05, 2007
From chocolate cake to chocolate bars to hot chocolate, Americans love indulging in sweet, chocolaty treats. In fact, according to a recent survey by Barry Callebaut – the world’s largest producer of high-quality cocoa, chocolate and confectionery products – nearly half of Americans (46 percent) eat chocolate at least a few times per week.
Barry Callebaut increases financial flexibility: Barry Callebaut successfully places bond
Jul 04, 2007
Barry Callebaut AG, the world’s leading manufacturer of high-quality cocoa and chocolate products, announced today the successful placement of EUR 350 million 10-year Senior Fixed Rate Notes and the renegotiation of the terms and conditions of its existing EUR 850 million Revolving Credit Facility. The offering of the Fixed Rate Notes created substantial demand and was significantly oversubscribed. The bond issuance and the amended syndicated credit facility will significantly improve the company’s financial flexibility.
Barry Callebaut takes over Dijon factory, San Sisto production line: Successful closing of transaction with Nestlé
Jul 02, 2007
Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, announces today the closing of its transaction with Nestlé. The transaction comprises the takeover from Nestlé of a chocolate factory in Dijon, France and the cocoa liquor and liquid chocolate making facility at Nestlé’s factory in San Sisto, Italy as well as a long-term supply agreement of 43,000 metric tonnes of chocolate products per year to Nestlé in France, Italy and Russia. The transaction increases Barry Callebaut’s production capacity by around 100,000 metric tonnes and allows the company to capture growth opportunities in the fast-growing Mediterranean region.