Barry Callebaut AG (BARN.SW,BYCBF.PK) Wednesday said it has signed an agreement to acquire 100 percent of the privately owned Spanish nut manufacturer La Morella Nuts S.A.
The company noted that the acquisition of La Morella Nuts underlines Barry Callebaut's strategic intention to further strengthen its market position in adjacent products for both its Gourmet & Specialties Products and its Food Manufacturers Products business.
Many of Barry Callebaut's customers are asking for combinations of chocolate and nut products. With the acquisition of La Morella Nuts, Barry Callebaut will become a European leader in nut products extending its existing nut offerings with a wide spectrum of high-quality products, including almonds and hazelnuts, as well as specialty nuts like cashews, pecans, pistachios, macadamia and others.
La Morella Nuts will be integrated in Barry Callebaut's business Region Europe
as of January 2012.
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by RTT Staff Writer
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