Closing of transaction – Barry Callebaut completes acquisition of GKC Foods in Australia

Closing of transaction – Barry Callebaut completes acquisition of GKC Foods in Australia


ZURICH and SINGAPORE, July 1, 2020 /PRNewswire/ — The Barry Callebaut Group, the world’s main producer of high-quality chocolate and cocoa merchandise, right now introduced that it has efficiently closed the acquisition of GKC Meals (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, that serves many shopper chocolate manufacturers in Australia and New Zealand. The mixing will begin as of now.

The Barry Callebaut Group has successfully closed the acquisition of GKC Foods (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, that serves many consumer chocolate brands in Australia and New Zealand. The integration will start as of now.
The Barry Callebaut Group has efficiently closed the acquisition of GKC Meals (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, that serves many shopper chocolate manufacturers in Australia and New Zealand. The mixing will begin as of now.

Ben De Schryver, President of Barry Callebaut in Area Asia Pacific, mentioned: “We’re glad to welcome the crew of GKC Meals to the Barry Callebaut household. The heritage and native data GKC Meals has constructed for the reason that 1980s, mixed with the experience, the state-of-the-art manufacturing processes and the capabilities of an undisputed chief in chocolate and cocoa innovation will deliver additional excellence to the Australia and New Zealand markets. We strongly imagine within the development alternatives in these nonetheless largely captive markets.”

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 increase its place within the industrial chocolate market and to leverage its value-adding Connoisseur & Specialties enterprise in Australia and New Zealand.

Australia and New Zealand have a median 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 effectively above the worldwide market in accordance with Nielsen[2].

The events have agreed to not disclose any monetary particulars of the transaction.

All pictures associated to this announcement could be present in Barry Callebaut Asia Pacific’s Flickr picture album: bit.ly/BCinAustralia. This press launch can be discovered on PR Newswire and on our company web site: bit.ly/BCacquiresGKC.

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 candies, together with chocolate fillings, decorations and compounds. The Group runs greater than 60 manufacturing services worldwide and employs a various and devoted international workforce of greater than 12,000 individuals.

The Barry Callebaut Group serves your complete meals business, from industrial meals producers to artisanal {and professional} customers of chocolate, comparable to chocolatiers, pastry cooks, bakers, motels, eating places or caterers. The 2 international manufacturers catering to the precise wants of those Connoisseur clients 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 aim to form a sustainable cocoa and chocolate future.

Comply with the Barry Callebaut Group:

[1] Euromonitor’s Chocolate Confectionery Market in Australia 2019.

[2] Nielsen, January – December 2019: Australia +5.2%; international +1.3%.

Picture – https://photos.prnasia.com/prnh/20200629/2843448-1?lang=0
Emblem – https://photos.prnasia.com/prnh/20200526/2813199-1LOGO?lang=0





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