Ingredients / Supplier News

Barry Callebaut to acquire Petra Foods’ cocoa ingredients division

Barry Callebaut, a leading manufacturer of high-quality cocoa and chocolate products based in Zurich, has reached an agreement with Petra Foods Ltd., Singapore, to acquire Petra Foods Ltd.’s cocoa ingredients division. The division is, according to Barry Callebaut, the largest cocoa products supplier in Asia, with a global sales volume of 265,000 metric tons and 47,000 metric tons of co-manufacturing volumes for large accounts, sales revenue of $1.3 billion (1.1 billion Swiss francs) and 1,700 employees in fiscal year 2011. The business also has a significant global footprint across four continents, with 405,000 metric tons of bean-grinding capacity in seven processing facilities and four sales offices.

The integration of Petra Foods’ cocoa ingredients division will make Barry Callebaut the largest global cocoa processor. The transaction also includes a long-term agreement with Petra Foods’ branded consumer division to supply it with cocoa products covering 75% of its total needs.

“This acquisition is an excellent strategic fit that will support our future global growth,” says Barry Callebaut chairman Andreas Jacobs. “The integration of Petra Foods’ cocoa ingredients division into our group is expected to strengthen Barry Callebaut’s earnings per share. This significant transaction will allow us to continue our expansion strategy in all regions and capture additional opportunities through outsourcing and partnership agreements as well as in gourmet.”

Juergen Steinemann, Barry Callebaut’s CEO, adds: “The acquisition marks a major step forward in the implementation of our four-pillar growth strategy. A stronger integrated position in sustainable cocoa sourcing and processing is important to keep growing our chocolate business over-proportionally, especially in emerging markets. The deal also allows us to become a strategic supplier of specialty cocoa powders and meet the growing integrated value chain requirements of our customers and partners. Moreover, Barry Callebaut will gain valuable know-how and become even more global thanks to all the new colleagues whom we will welcome with open arms upon closing the planned transaction.”

The transaction is subject to approval by Petra Foods’ shareholders as well as by regulatory authorities. The closing of the transaction is expected in summer 2013.

Did you enjoy this article? Click here to subscribe to Snack Food & Wholesale Bakery Magazine 

You must login or register in order to post a comment.



Image Galleries

James Skinner Baking

An inside look at James Skinner Baking, a modern artisan bakery famous for its Danish.

12/4/14 2:00 pm EST

How a DSD Solution with Sales Forecasting can reduce your Stale Percentages up to 50%

Expert presenters will address how you can improve your order accuracy and account service times and how sales forecasting DSD solutions can reduce your stale percentages.

Snack Food & Wholesale Bakery Magazine

SFWB december 2014

2014 December

December's Snack Food & Wholesale Bakery publication features our cover report: "The J. Skinner Difference" Plus Much More!

Table Of Contents Subscribe

Holiday Baked Goods

What type of baked goods do you buy the most of during the holidays?
View Results Poll Archive


Organic Production and Food Quality: A Down to Earth Analysis

Effects of Organic Production on Food Quality is the first comprehensive book on how organic production methods influence the safety and quality of foods, based on an unbiased assessment of the latest scientific findings.  The title is a 'must-have' for everyone working within the food industry.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Facebook IconTwitter IconYoutube IconLinkedIn Icon

The Weekly Mix

Operations Weekly Logo

Written by Snack Food & Wholesale Bakery editors, our Operations Weekly weekly enewsletter provides bakers and snack food manufacturers with up-to-the-minute news, ideas and industry trends.

Sign up today!