SOURCE: Barry Callebaut AG

December 17, 2007 01:30 ET

Barry Callebaut closes acquisition of FPI cocoa factory in Philadelphia

ZURICH, SWITZERLAND--(Marketwire - December 17, 2007) -

* Barry Callebaut closed the acquisition of Food Processing International Inc. (FPI), a cocoa processing company in Eddystone near Philadelphia

Zurich, Switzerland, December 17, 2007 - Barry Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate products, announced today the closing of its acquisition of 100% of Food Processing International, Inc. (FPI) in the United States, as announced in October 2007. The acquisition includes the takeover of FPI's factory in Eddystone near Philadelphia with a capacity for cocoa liquor production of 25,000 metric tons per year.

Barry Callebaut intends to increase the production capacity of the factory to 50,000 metric tons (110 million pounds) within the next 2 to 3 years to meet its own growing needs for semi-finished products as well as to supply third-party customers. The capacity expansion will include pressing, grinding and deodorizing equipment to make cocoa butter, cocoa powder and cocoa liquor. The cocoa processing factory in Eddystone will allow Barry Callebaut to further optimize its factory network and supply chain in North America.

* * *

for investors and financial            for the media:
analysts                               in Europe:
Daniela Altenpohl, Head of IR          Josiane Kremer, Corp.
Barry Callebaut AG                     Barry Callebaut AG
Phone: +41 43 204 04 23                Phone: +41 43 204 04 58

                                       for the media in North America:
                                       BlueCurrent PR
                                       Kyle Rose
                                       Phone: +1 973 763 1699

The news release can be downloaded from the following link:

News Release (PDF):

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