logo
Share SHARE
FONT-SIZE Plus   Neg

Barry Callebaut Acquires Spanish Company La Morella Nuts S.A. - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of UBS AG were losing around 5 percent in the morning trading after the Swiss financial services giant reported Tuesday sharply lower profit in its first quarter amid lower net fee and commission as well as trading income. Net interest income, however, improved from last year. Looking ahead, the company said that the ongoing underlying macroeconomic challenges and geopolitical risks ... Asia-focused lender HSBC Holdings Plc reported Tuesday a decline in the first-quarter profit, on weak revenues and net interest income. The results reflected weak performance in all segments and business regions, except Middle East and North Africa as well as CMB. An Illinois woman has filed a lawsuit against Starbucks accusing that the coffee retail giant is misleading customers by "underfilling" its cold beverages. According to the plaintiff, Starbucks is cheating customers by serving cold coffees with too much ice cubes and less coffee than advertised, "often...
comments powered by Disqus
Follow RTT