Barry Callebaut has acquired US chocolate decorations firm Mona Lisa Food Products in a bid to bolster its “gourmet and speciality” business.
The Swiss chocolate maker said the acquisition was part of plans to “accelerate growth” and expand the range of products it sells to chocolatiers, bakers and the horeca segment.
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The company said the deal, signed for an undisclosed sum, will help it set up a “dedicated foothold for decorations products in the US”.
Mona Lisa Food Products, based in North Carolina, generated revenue of almost of CHF9m (US$9.8m) last year.
Peter Thom, the company’s president and owner, said: “Since its inception, we have run Mona Lisa as a family business. The growth and success of our brand has brought us to the time where it is best to hand the company over to a partner that can continue this success.”
The deal, which is expected to close next month, is already the second acquisition Barry Callebaut has agreed in 2012.
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By GlobalDataLast month, it announced the acquisition of Spanish nut maker La Morella.
