Barry Callebaut to acquire GKC Foods in Australia

Barry Callebaut to acquire GKC Foods in Australia


  • Acquisition establishes Barry Callebaut’s direct presence and manufacturing capability in Australia to cater for the Australian and New Zealand markets
  •  Funding entails upgrading the manufacturing facility and putting in a brand new chocolate manufacturing line
  •  GKC Meals is a privately-owned B2B chocolate producer, serving many client chocolate manufacturers in Australia and New Zealand

ZURICH and SINGAPORE, Might 27, 2020 /PRNewswire/ — The Barry Callebaut Group, the world’s main producer of high-quality chocolate and cocoa merchandise, has signed an settlement to amass GKC Meals (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many client chocolate manufacturers in Australia and New Zealand.

Ben De Schryver, President of Barry Callebaut Asia Pacific (left) signed an agreement with John Borell, Managing Director of GKC Foods (right), to acquire GKC Foods (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many consumer chocolate brands in Australia and New Zealand. The signing of the agreement held today in a virtual signing ceremony amid the coronavirus pandemic was witnessed online by companies’ employees in Singapore and Australia.
Ben De Schryver, President of Barry Callebaut Asia Pacific (left) signed an settlement with John Borell, Managing Director of GKC Meals (proper), to amass GKC Meals (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many client chocolate manufacturers in Australia and New Zealand. The signing of the settlement held in the present day in a digital signing ceremony amid the coronavirus pandemic was witnessed on-line by corporations’ workers in Singapore and Australia.
The Barry Callebaut Group has signed an agreement to acquire GKC Foods (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many consumer chocolate brands in Australia and New Zealand. This strategic acquisition establishes Barry Callebaut’s direct presence and manufacturing capacity in the growing Australian market.
The Barry Callebaut Group has signed an settlement to amass GKC Meals (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many client chocolate manufacturers in Australia and New Zealand. This strategic acquisition establishes Barry Callebaut’s direct presence and manufacturing capability within the rising Australian market.

This strategic acquisition establishes Barry Callebaut’s direct presence and manufacturing capability within the rising Australian market. The acquisition of GKC Meals empowers the Group to develop its place within the industrial chocolate market and to leverage its value-adding Gourmand & Specialties enterprise in Australia and New Zealand. Barry Callebaut will proceed to work with native distributors throughout Australia and New Zealand who’ve been importing and distributing its industrial and Gourmand chocolate and cocoa merchandise to the nation because the 1970s.

Australia and New Zealand have a mean chocolate consumption of roughly 5 kilograms per capita, the very best per-capita chocolate consumption in Asia Pacific, in accordance with Euromonitor[1]. In Australia, demand for chocolate has been on the rise – the chocolate confectionery market within the nation grew properly above the worldwide market in accordance with Nielsen[2]

GKC Meals has been manufacturing “Made in Australia” chocolate and confectionery merchandise because the 1980s. At the moment, the corporate produces a variety of merchandise together with natural and vegan chocolate for devoted chocolate retailers, connoisseur delis, specialty meals retailers, and key nationwide retailers. The corporate operates a chocolate manufacturing facility and a warehouse in Melbourne.

Barry Callebaut’s funding entails upgrading and increasing the manufacturing facility’s present infrastructure; putting in a brand new state-of-the-art chocolate manufacturing line, and the deployment of an built-in administration system to boost automated manufacturing. As well as, the corporate will make use of round 50 folks on the web site, together with GKC Meals’ present workers, who will switch to Barry Callebaut upon completion of the transaction.

Ben De Schryver, President of Barry Callebaut in Asia Pacific, mentioned: “We strongly consider within the progress alternatives of the Australian and New Zealand chocolate confectionery markets. We have already got the very best high quality merchandise in the present day and we’ll additional develop our aggressive benefit by the acquisition of, and funding in, the best-in-class GKC Meals manufacturing facility in Australia.”

John Borell, Managing Director of GKC Meals, added: “I’m very pleased with the nice chocolate enterprise we have now constructed from scratch over the previous 35 years. Our settlement with Barry Callebaut will make sure the profitable way forward for GKC Meals and our staff as half of a big, worldwide, group. We actually respect the enterprise ideas and the staff spirit on which Barry Callebaut relies.”

The transaction is topic to regulatory approval and different closing circumstances. Anticipated completion is earlier than the top of this calendar 12 months. The events have agreed to not disclose any monetary particulars of the transaction.

Barry Callebaut is without doubt one of the largest chocolate and cocoa producers in Asia Pacific. Using greater than 1,800 workers within the area, the corporate already operates 10 chocolate and cocoa factories in Asia, specifically in China, Indonesia, Japan, Malaysia, and Singapore. Within the final 12 months, the corporate has additionally expanded its gross sales operations in Indonesia and the Philippines, along with its present gross sales workplaces in India, Japan, Malaysia, Singapore and Thailand. It just lately introduced the groundbreaking of a brand new chocolate manufacturing facility in India which is predicted to be prepared in late-2020. Barry Callebaut’s Asia Pacific Headquarters are in Singapore.

***

All images on this announcement may be discovered on Barry Callebaut Asia Pacific’s Flickr picture album: bit.ly/BCinAustralia. This press launch will also be discovered on PR Newswire and on our company web site: bit.ly/BCacquiresGKC.

[1] Euromonitor’s Chocolate Confectionery Market in Australia 2019.
[2] Nielsen, January – December 2019:: Australia +5.2%; world +1.3%.

About Barry Callebaut Group (www.barry-callebaut.com):
With annual gross sales of about CHF 7.Three billion (EUR 6.5 billion / USD 7.four billion) in fiscal 12 months 2018/19, the Zurich-based Barry Callebaut Group is the world’s main producer of high-quality chocolate and cocoa merchandise – from sourcing and processing cocoa beans to producing the best sweets, together with chocolate fillings, decorations and compounds. The Group runs greater than 60 manufacturing services worldwide and employs a various and devoted world workforce of greater than 12,000 folks.

The Barry Callebaut Group serves your complete meals trade, from industrial meals producers to artisanal {and professional} customers of chocolate, resembling chocolatiers, pastry cooks, bakers, lodges, eating places or caterers. The 2 world manufacturers catering to the particular wants of those Gourmand prospects are Callebaut® and Cacao Barry®.

The Barry Callebaut Group is dedicated to make sustainable chocolate the norm by 2025 to assist guarantee future provides of cocoa and enhance farmer livelihoods. It helps the Cocoa Horizons Foundation in its purpose to form a sustainable cocoa and chocolate future.

About GKC Meals (Australia) Pty Ltd (https://www.gkcfoods.com.au)
GKC Meals is a privately owned Australian firm specializing within the manufacture of top quality chocolate and chocolate associated merchandise. Proudly Australian made and owned, GKC Meals is situated in Melbourne, Australia and has been manufacturing chocolate and confectionery merchandise because the 1980’s. GKC Meals is dedicated to excessive product high quality and meals security requirements and focus on personal label and contract manufacturing. GKC Meals’ manufacturing services are BRC authorized with authentic HACCP certification being achieved in 2000.

Observe the Barry Callebaut Group:
Twitter ?
Linkedin
Facebook
YouTube
Flickr

Picture – https://photos.prnasia.com/prnh/20200526/2813199-1-a?lang=0
Picture – https://photos.prnasia.com/prnh/20200526/2813199-1-b?lang=0
Emblem – https://photos.prnasia.com/prnh/20200526/2813199-1LOGO?lang=0





Source link

Leave a Reply

Close Menu