SWITZERLAND: Barry Callebaut sees sweet promise in Stollwerck takeover
Swiss chocolate giant Barry Callebaut revealed earlier today [Friday] that is has agreed to buy out German competitor Stollwerck for a cash-and-stock deal worth €175m (US$157m), including debt. Callebaut said the two companies' activities are complementary, and that after a one-time charge of CHF80m (US$49m), Stollwerck's integration into Callebaut will create annual synergies of around CHF32m.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Quorn CEO sets out stall for 2017 - interview
- How Tyson's new CEO plans to grow the meat group
- Mondelez goes beyond certified cocoa - analysis
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti