Grab&Go

Barry Callebaut cements position as world's largest cocoa, chocolate maker.


Barry Callebaut has successfully closed the acquisition of the Cocoa Ingredients Division of Singapore-based Petra Foods Ltd following approval from the regulatory authorities. The combination of the two businesses makes Barry Callebaut the world’s largest cocoa and chocolate manufacturer, fully integrated from bean sourcing to the manufacture of the fi nest chocolate products. It creates an organization with over 8,000 employees, an estimated annual sales volume of 1.6 million tonnes and CHF6 billion (€4.9 billion/$6.4 billion) in sales revenue, as well as further diversifying Barry Callebaut's global footprint to 50 factories on four continents. “The cocoa business we acquired from Petra Foods is right at the core of Barry Callebaut, and we will benefi t from the know-how of our 1,800 new, highly motivated colleagues. It will support the further growth of our existing chocolate business. Being now also the largest global supplier of high-quality cocoa products, we will be able to capture opportunities in the fast-growing markets for specialty cocoa powders even better,” commented Juergen Steinemann, Barry Callebaut CEO. The acquisition of the Cocoa Ingredients Division is highly complementary to Barry Callebaut’s existing business and will support the further growth of the company’s chocolate business. It is a strategic investment and in line with Barry Callebaut’s strategy based on the four pillars Expansion, Innovation, Cost Leadership and Sustainable Cocoa. At the same time, Barry Callebaut will further diversify its cocoa sourcing and processing activities in origin countries by creating a second strong base in Asia, besides West Africa.