ZURICH, SWITZERLAND--(Marketwire - Sep 21, 2012) - Barry Callebaut AG /
Barry Callebaut to sell its factory in Dijon (France).
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Final step in divesting consumer activities
* Barry Callebaut intends to sell its factory and the related business in
Dijon (France) to "Chocolaterie de Bourgogne"
* Transaction includes a 5-year contract to supply Barry Callebaut with
Zurich/Switzerland, September 21, 2012 - In line with the strategic
focus entirely on business-to-business, Barry Callebaut AG, the world's
manufacturer of high-quality cocoa and chocolate products, today announced
intention to sell its factory and the related business in Dijon (France) to
"Chocolaterie de Bourgogne". With this, Barry Callebaut would conclude the
step to dispose of all its consumer activities. After the sale of Barry
Callebaut's European Consumer Products business (Stollwerck) to the Belgian
Baronie Group in 2011, the Dijon factory remained as the last consumer
within the Group.
"Chocolaterie de Bourgogne" will be a business owned and managed by
Jarcy and his management team. They have long-standing business experience
the consumer chocolate industry.
In order to support the business under the new ownership, Barry Callebaut
agreed that "Chocolaterie de Bourgogne" will continue to provide 12,000
of liquid chocolate per year to Barry Callebaut under a 5-year supply
The transaction will be executed upon completion of the information and
consultation process with the works council.
As a result of this divestiture, Barry Callebaut expects to report a
loss from the discontinued operation of approximately CHF 65 million (EUR
million / USD 70 million) for fiscal year 2011/12, which includes the
result of the discontinued operation, one-off impairments and other one-off
expenses incurred in relation to the transaction.*
Juergen Steinemann, CEO of Barry Callebaut, said: "We are very pleased with
"Chocolaterie de Bourgogne" as a new owner for our business in Dijon.
de Jarcy and his team have a long-standing business experience in consumer
chocolate products. With this transaction, we can now focus entirely on
* These figures are indicative and unaudited and will not affect the
profit (EBIT) nor net profit from continuing operations of fiscal year
but add to the net result from discontinued operations (Stollwerck)
About Chocolaterie de Bourgogne:
The new company "Chocolaterie de Bourgogne" will take over all of the
of Barry Callebaut Manufacturing Bourgogne. It aims to become a specialist
chocolate-based consumer products destined for all major international
markets. "Chocolaterie de Bourgogne" has revenues of EUR 80 million and
278 people at its Dijon site. The company will be headed by Philippe de
CEO, and James Forman, Chairman of the Supervisory Board, a U.S. citizen.
Contact Chocolaterie de Bourgogne
for the media:
Christian d'Oléon: +33 6 08 49 89 07
Tarick Dali: +33 6 09 17 83 63
Barry Callebaut (www.barry-callebaut.com/):
With annual sales of about CHF 4.6 billion (EUR 3.6 billion/USD 5.0
fiscal year 2010/11, Zurich-based Barry Callebaut is the world's leading
manufacturer of high-quality cocoa and chocolate - from the cocoa bean to
finished chocolate product. Barry Callebaut is present in 27 countries,
around 40 production facilities and employs a diverse and dedicated
about 6,000 people. Barry Callebaut serves the entire food industry
industrial food manufacturers, artisans and professional users of chocolate
(such as chocolatiers, pastry chefs or bakers), the latter with its two
brands Callebaut(®) and Cacao Barry(®). Barry Callebaut is the
global leader in
cocoa and chocolate innovations and provides a comprehensive range of
in the fields of product development, processing, training and marketing.
leadership is another important reason why global as well as local food
manufacturers work together with Barry Callebaut. Through its broad range
sustainability initiatives and research activities, the company works with
farmers, farmer organizations and other partners to help ensure future
of cocoa and improve farmer livelihoods.
The complete news release can be downloaded from the following link:
Press Release (PDF):
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Source: Barry Callebaut AG via Thomson Reuters ONE