Barry Callebaut signs agreement to acquire D'Orsogna Dolciaria
Global chocolate manufacturer Barry Callebaut has signed an agreement to acquire D’Orsogna Dolciaria to enhance its specialities and decorations business in Europe.
D’Orsogna Dolciaria is an Italian firm that supplies decoration solutions for food manufacturers, especially those operating in ice-cream, dairy and bakery segments.
Financial details of the deal have not been revealed.
The transaction is expected to close by September, subject to regulatory approval.
The acquisition of D’Orsogna Dolciaria is in line with Barry Callebaut’s strategic efforts to expand in the specialties and decorations segment, which serves both food manufacturers and gourmet customers looking for personalisation and differentiation.
Barry Callebaut CEO Antoine de Saint-Affrique said: “We are delighted to welcome D’Orsogna Dolciaria and all its employees to the Barry Callebaut family.
“This acquisition is a perfect fit with our ’smart growth’ strategy and will allow us to further accelerate the growth of our specialties and decorations business.
“D’Orsogna Dolciaria brings unique capabilities that will enable us to offer more value added to our food manufacturers and gourmet customers, especially in the ice-cream and dairy market segments.”
D’Orsogna Dolciaria CEO Valerio D’Orsogna said: “Our agreement with Barry Callebaut is of tremendous strategic importance for maintaining and strengthening D’Orsogna’s international competitiveness.
“Our competencies, know-how, and excellence in quality have always been key strategic factors for our company and they are much appreciated by Barry Callebaut. D’Orsogna will keep its brand name and presence in the Abruzzo region.”
Founded by Mario D'Orsogna in 1957 at San Vito Chietino, Italy, D’Orsogna Dolciaria owns facilities in Italy, India and Canada, as well as employs around 300 people.
Image: Massimo Garavaglia and Valerio D'Orsogna shake hands on the agreement. Photo: courtesy of Barry Callebaut.