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Barry Callebaut announces increased co-operation with Cadbury Schweppes

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June 19, 2007
Overview
Barry Callebaut, Cadbury Schweppes expand outsourcing cooperation:  

  • Barry Callebaut AG announces that it has signed a Memorandum of Understanding with Cadbury Schweppes for supply to its production sites in Poland, thereby doubling its annual deliveries to around 30,000 metric tonnes
  • Barry Callebaut confirmed as the outsourcing partner of choice in the chocolate industry
 
Zurich/Switzerland, June 19, 2007 – Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, announces the signing of a Memorandum of Understanding (MoU) with Cadbury Schweppes plc to double its supply volumes of cocoa liquor and liquid chocolate to around 30,000 metric tonnes a year. Barry Callebaut will supply approximately an additional 14,000 tonnes a year of liquid chocolate and cocoa liquor to Cadbury Schweppes’ production facilities in Poland. 

Barry Callebaut anticipates deliveries of the additional volumes to start towards the end of its fiscal year 2007/08. 

Patrick De Maeseneire, CEO of Barry Callebaut says: “The MoU with Cadbury Schweppes is another milestone in our strategy to take advantage of the ongoing outsourcing trend. This is again an excellent example of how Barry Callebaut has established itself as the outsourcing partner of choice in the chocolate industry.”

Barry Callebaut and Cadbury Schweppes also intend to increase their cooperation in areas such as cocoa bean sourcing in origin countries, quality and innovation, and corporate social responsibility.

The two parties have decided not to disclose any financials of the transaction.
 
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Barry Callebaut
With annual sales of more than CHF 4 billion (EUR 2.7 billion) for fiscal year 2005/06, Zurich-based Barry Callebaut is the world’s leading manufacturer of high-quality cocoa, chocolate and confectionery products – from the cocoa bean to the finished product on the store shelf. Barry Callebaut is present in 23 countries, operates more than 30 production facilities and employs approximately 8,000 people. The company serves the entire food industry, from food manufacturers to professional users of chocolate (such as chocolatiers, pastry chefs or bakers), to global retailers. It also provides a comprehensive range of services in the fields of product development, processing, training and marketing.
 
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Contacts
for investors and financial analysts:
                 
Daniela Altenpohl, Head of Investor Relations 
Barry Callebaut AG                                           
Phone: +41 43 204 04 23                                   
daniela_altenpohl@barry-callebaut.com    
 
for the media:
Gaby Tschofen, VP Corporate Communications 
Barry Callebaut AG 
Phone: +41 43 204 04 60 
gaby_tschofen@barry-callebaut.com