SWITZ: Callebaut buys vending firm Eurogran
Chocolate giant Barry Callebaut has signed an agreement with MISP Holding to acquire 100% of the shares of its subsidiary Eurogran.
The acquisition is a signal of Barry Callebaut's plans to strengthen its position in the European chocolate vending mix business.
Danish company Eurogran, which has annual sales of around DKK208m (US$39.6m), is an instant powder manufacturer of ingredients for the vending industry in Europe.
The company produces a range of instant products including hot chocolate, coffee and granulated milk under its own brand Le Royal. It also makes private-label products for the same categories.
Barry Callebaut's vending and beverages division is part of its gourmet and specialities business unit. Headquartered in Sweden, the company operates a production facility in Kågeröd, Sweden.
It is the intention that Eurogran with be integrated into Barry Callebaut Sweden.
The two parties have not disclosed any financial details of the transaction.
Greencore is a private-label giant with a business that spans from sandwiches to sauces and from pickles to puddings. However, with operations centred on convenience, the last year has been a tricky o...
With just a month left of 2009, our thoughts are turning to what shape the food industry landscape will take as we enter a new decade. This week, HJ Heinz, meat giant Tyson Foods and Russian dairy bus...
Greencore chief executive Patrick Coveney today (25 November) hinted that the private-label group could soon be closing in on acquisition targets in the US....
US ketchup giant Heinz has said that it will ramp up its marketing spending in the second half of the year in a bid drive sustainable sales growth....
Chocolate maker Barry Callebaut today (12 November) cut its mid-term outlook as the global chocolate market continued to suffer in the face of the global recession....
GM waded back into view this week with a report from the UK's Food Standards Agency detailing consumers' current wishes on the issue. Formal appointments were made for the European Commission, includi...
UK supermarkets could do more to help stop dwindling fish stocks by supplying customers with sustainably sourced seafood, according to a report published today (26 November)....
Heinz has sold its private label frozen desserts business in the UK to PoleStar Foods....
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Interview: Sir Kensington's on sale to Unilever
- US food next wave on display at Winter Fancy Food
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Post: Weetabix "opens up M&A opportunities"
- Nestle organic growth slows but beats expectations
- Suntory to offload Australia, New Zealand foods