SOURCE: Barry Callebaut AG

March 03, 2009 01:10 ET

Natra and Barry Callebaut sign a Memorandum of Understanding regarding the combination of their European consumer chocolate businesses

VALENCIA, SPAIN and ZURICH, SWITZERLAND--(Marketwire - March 3, 2009) -


  * The two companies have signed a memorandum of understanding
    whereby Barry Callebaut would transfer its consumer chocolate
    division, Stollwerck, to Natra
  * Natra, as a result of the transaction, would become a significant
    private label chocolate maker in Europe with 2008 pro forma sales
    of around EUR 850 million/CHF 1,270 million
  * Barry Callebaut would focus on its core business with industrial
    and artisanal customers while becoming a minority shareholder of
    Natra
  * Barry Callebaut would supply a minimum of 85,000 tonnes p.a. of
    liquid chocolate to Natra under a long-term outsourcing contract
  * The transaction is subject to certain conditions, in particular
    secured long-term financing


NATRA, European reference private label chocolate player, and BARRY CALLEBAUT, the world's leading manufacturer of high-quality cocoa and chocolate products, have signed a memorandum of understanding regarding the possible integration of Barry Callebaut's European consumer chocolate business (Stollwerck) into Natra.

The combination of the two businesses would create a significant private label and third-party chocolate products maker in Europe with estimated annual sales of around EUR 850 million/CHF 1,270 million, according to pro forma combined figures for 2008, a share of 2.0% of the entire European cocoa and chocolate market and a pro forma production output of around 215,000 tonnes in 2008.



Press, investors and financial
analysts

Natra
Ana Roldán
Phone: +34 96 393 32 65
ana.roldan@natra.es

Barry Callebaut AG

Investors and financial analysts    Media

Simone Lalive, Head of IR           Gaby Tschofen, VP Corp.
Phone: +41 43 204 04 23             Communications
simone_lalive@barry-callebaut.com   Phone: +41 43 204 04 60
                                    gaby_tschofen@barry-callebaut.com

The news release can be downloaded from the following link: http://hugin.info/100441/R/1294492/293639.pdf


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