Barry Callebaut strengthens its presence in Scandinavia

Barry Callebaut strengthens its presence in Scandinavia 
ZURICH, SWITZERLAND -- (Marketwire) -- 01/18/13 --  Barry Callebaut /
Barry Callebaut strengthens its presence in Scandinavia . Processed
and transmitted by Thomson Reuters ONE. The issuer is solely
responsible for the content of this announcement. 
Acquisition of ASM Foods AB in Sweden 
* Becoming the leader in Scandinavia through the acquisition of ASM
Foods in 
Sweden from Carletti A/S of Denmark, including a
specialty plant to produce 
compound chocolate and fillings 
* Taking over industrial chocolate and compound production of
Carletti A/S, 
Denmark and signing of a long-term outsourcing
agreement 
* Overall additional volume of about 25,000 tonnes of chocolate,
compound and 
fillings 
Barry Callebaut, the world's leading manufacturer of high-quality
cocoa and chocolate products, is strengthening its
presence in
Scandinavia by acquiring ASM Foods AB in Sweden from Carletti A/S of
Denmark. The transaction includes a specialty factory in Mjoelby,
focused on the production of specialty compound chocolate, fillings
and inclusions. This acquisition will add a total production capacity
of 35,000 tonnes. 
In addition, Barry Callebaut will take over the industrial chocolate
and compound production of Carletti A/S in Denmark including sales to
third parties,
and at the same time sign a long-term outsourcing
agreement to supply Carletti
A/S with their requirements for liquid
chocolate and compound products. 
The total additional volume for Barry Callebaut consisting of the ASM
Foods business and the outsourcing agreement with Carletti will be
approximately 25,000 tonnes of chocolate, compound and fillings. 
As part of the agreement, Barry Callebaut will sell its non-core
business of
frozen pastry products in Alicante, Spain, to Givesco A/S,
the holding company
of Carletti A/S and ASM Foods AB. 
Juergen Steinemann, CEO of Barry Callebaut, said: "With the
acquisition of ASM
Foods AB we strengthen our portfolio of
higher-margin products such as specialty
compound chocolate, fillings
and inclusions. This transaction will put us in a leadership position
in Scandinavia. I am also proud to welcome Carletti A/S as
our first
outsourcing partner in Scandinavia." 
The total cash-out as a result of the three transactions will amount
to CHF 33
million (EUR 27 million / USD 36 million). The closing of
all transactions is
expected for the summer 2013. 
***                       Carletti Group (www.carletti.com): Owned by
Givesco A/S, the Carletti Group develops and produces a wide variety
of chocolate and confectionery products, primarily in Denmark and
Northern Europe.
The Carletti Group consists of the parent company
Carletti A/S, based in Aarhus,
 Denmark, and the two subsidiaries ASM
Foods AB in Mjoelby, Sweden and Carletti 
Polska Sp. zo.o. in
Pruszkow, Poland. ASM Foods AB is the market leader  supplying
ingredients to the Scandinavian bakery, ice cream and dairy sector. 
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
leadership 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/1671233/543228.pdf 
This announcement is distributed by Thomson Reuters on behalf of
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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 
[HUG#1671233] 
Contacts: 
For Investors and Financial Analysts:
Evelyn Nassar
Head of Investor Relations
Barry Callebaut AG
Phone: +41 43 204 04 23
evelyn_nassar@barry-callebaut.com 
For the Media:
Raphael Wermuth
Head of Media Relations
Barry Callebaut AG
Phone: +41 43 204 04 58
raphael_wermuth@barry-callebaut.com
 
 
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