SOURCE: Barry Callebaut AG

January 10, 2008 01:40 ET

Barry Callebaut acquires production capacity in Japan: Successful closing of transaction with Morinaga

ZURICH, SWITZERLAND--(Marketwire - January 10, 2008) -


Barry Callebaut acquires production capacity in Japan: Successful closing of transaction with Morinaga

Zurich, Switzerland, January 10, 2008 - Barry Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate products, today announced the closing of the transaction with Morinaga, one of Japan's largest food companies with numerous established brands. The transaction involves the acquisition of cocoa and chocolate production equipment at a Morinaga facility in Amagasaki near Osaka, Japan. At the same time, the two companies entered into a 10-year supply agreement for 9,000 metric tonnes a year - doubling Barry Callebaut's sales volumes in Japan. As previously announced, deliveries of liquid chocolate are expected to begin within the next 12 months. Barry Callebaut plans to upgrade the acquired production lines to create a total production capacity of 20,000 tonnes a year.

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Contacts
for investors and financial analysts:    for the media:
Daniela Altenpohl, Head of IR            Josiane Kremer, Corp.
                                         Communications
Barry Callebaut AG                       Barry Callebaut AG
Phone: +41 43 204 04 23                  Phone: +41 43 204 04 58
daniela_altenpohl@barry-callebaut.com    josiane_kremer@barry-callebaut.com

The news release can be downloaded from the following link:

http://hugin.info/100441/R/1180839/235328.pdf


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