The Barry Callebaut Group has signed an agreement with Burton’s Biscuit Company, the UK’s second biggest biscuit manufacturer, for the long-term supply of over 12,000 metric tons of chocolate and compound per year.
At the same time, Barry Callebaut would acquire the chocolate manufacturing assets at Burton’s Biscuit Company’s chocolate factory in Moreton, Wirral, near Liverpool, UK. Barry Callebaut would continue producing chocolate at the Moreton site. All employees currently engaged in the manufacture of chocolate at the Moreton facility would transfer to Barry Callebaut upon completion of the transaction.
As a result, Barry Callebaut would be able to expand its manufacturing capacity in the UK, one of Europe’s largest chocolate confectionery markets in volume terms (source: Euromonitor) and an important growth area for the company.
Antoine de Saint-Affrique, CEO of the Barry Callebaut Group, said: “We are delighted to strengthen the collaboration with our longstanding customer Burton’s and to further support a great British brand. This transaction is an excellent example of the power of long-term partnerships and outsourcing. It is also a clear sign of our commitment to support the growth of our business in the UK market.”
Nick Field, CEO of Burton’s Food Ltd., added: “I am pleased to announce the signing of a long-term supply agreement with Barry Callebaut, the world’s leading chocolate manufacturer. Barry Callebaut shares our passion and motivation for baking the best quality products for our customers and consumers. This new partnership, with their larger network and enhanced capabilities, directly supports our intent and commitment to maintain and enhance our industry-leading chocolate biscuit offering.”
The transaction is subject to closing conditions and regulatory approval by the competent authorities. Completion of the transaction is expected by the end of the calendar year, after finalizing all legal and social processes. The two parties have agreed not to disclose any financial details.