GERMANY/SWITZERLAND: Barry Callebaut finalises acquisition of Stollwerck
German chocolate company Stollwerck is to be taken over by Barry Callebaut of Switzerland. Barry Callebaut has received approval from competition authorities to buy Stollwerck for SFr256m (US$169.9m), after announcing late April that it intended to do so. The deal brings brands such as Alpia, Gubor and Sarotti into the Barry Callebaut fold and gives it a stronger presence in Germany, where Stollwerck generates some 60% of its sales, reported Dow Jones.
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