Barry Callebaut: Completion of Dijon Sale to "Chocolaterie de
Barry Callebaut: Completion of Dijon Sale to "Chocolaterie de Bourgogne"
ZURICH, SWITZERLAND -- (Marketwire) -- 11/30/12 -- Barry Callebaut / Barry Callebaut: Completion of Dijon sale to "Chocolaterie de Bourgogne" . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Conclusion of final step in divesting consumer activities
Zurich/Switzerland, November 30, 2012 - Barry Callebaut AG, the world's leading manufacturer of high quality cocoa and chocolate products, today completed the sale of its factory and the related business in Dijon (France) to the newly formed "Chocolaterie de Bourgogne," as announced on September 21, 2012. With this, Barry Callebaut concludes the final step to dispose of all its consumer activities and to fully focus on business-to-business, serving industrial food manufacturers, artisans and professional users of chocolate.
As a result of the divestiture, Barry Callebaut reported a one-time loss from discontinued operations of CHF 66.8 million (EUR 55.1 million / USD 72.0 million) in its fiscal year 2011/12. The operational result of the business until completion of the sale as well as final price adjustments will be reported under discontinued operations for the company's fiscal year 2012/13. Barry Callebaut is not expecting a significant additional write-off.
Barry Callebaut (www.barry-callebaut.com/):
With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2 billion) for fiscal year 2011/12, Zurich-based Barry Callebaut is the world's leading manufacturer of high-quality cocoa and chocolate - from the cocoa bean to the finest chocolate product. Barry Callebaut is present in 30 countries, operates around 45 production facilities and employs a diverse and dedicated workforce of about 6,000 people. Barry Callebaut serves the entire food industry focusing on industrial food manufacturers, artisans and professional users of chocolate (such as chocolatiers, pastry chefs or bakers), the latter with its two global brands Callebaut((R)) and Cacao Barry((R)). Barry Callebaut is the global leader in cocoa and chocolate innovations and provides a comprehensive range of services in the fields of product development, processing, training and marketing. Cost leade rship is another important reason why global as well as local food manufacturers work together with Barry Callebaut. Through its broad range of sustainability initiatives and research activities, the company works with farmers, farmer organizations and other partners to help ensure future supplies of cocoa and improve farmer livelihoods.
The complete news release can be downloaded from the following link:
Press Release (PDF): http://hugin.info/100441/R/1661653/538405.pdf
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Barry Callebaut via Thomson Reuters ONE
Contacts for investors and financial analysts: Evelyn Nassar Head of Investor Relations Barry Callebaut AG Phone: +41 43 204 04 23 firstname.lastname@example.org
for the media: Raphael Wermuth Head of Media Relations Barry Callebaut AG Phone: +41 43 204 04 58 email@example.com