Barry Callebaut completes Stollwerck sale

Barry Callebaut, a Swiss manufacturer of cocoa and chocolate products, has completed the sale of its European consumer business Stollwerck to Belgium-based Baronie.

The sale, which was announced in July this year, included all of the business and all assets of Stollwerck and its affiliates, including five factories in Germany, Belgium and Switzerland.

The transaction also includes a long-term supply agreement between Baronie and Barry Callebaut for the supply of approximately 25,000t of liquid chocolate annually as well as the additional supply of cocoa beans and semi-finished products.

The financial details of the transaction have not been disclosed.

Stollwerck, a German-based producer of chocolate confectionery products, was bought by Barry Callebaut in 2002, has sales revenue of about €500m ($665.73m) and its volumes include private label business, branded chocolate products and co-manufacturing for third parties.