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May 27, 2020

Barry Callebaut buys Australia chocolate manufacturer GKC Foods

The business-to-business chocolate behemoth has snapped up a contract and private-label manufacturer of chocolate based in Australia.

By Dean Best

Barry Callebaut, the business-to-business chocolate behemoth, has snapped up GKC Foods a contract and private-label manufacturer of chocolate based in Australia.

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  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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The Swiss giant, the world’s largest B2B supplier of chocolate and cocoa ingredients, has acquired a business manufacturing ingredients and producing chocolate for retailers including Woolworths and Coles, Australia’s two largest food retailers. Financial terms were not disclosed.

Barry Callebaut operates ten chocolate and cocoa factories in Asia, with sites in China, Indonesia, Japan, Malaysia and Singapore.  It recently announced the groundbreaking of a new chocolate factory in India which is expected to be ready later this year.

In the last 12 months, Barry Callebaut has also expanded its sales operations in Indonesia and the Philippines, in addition to its existing offices in India, Japan, Malaysia, Singapore and Thailand.

“We strongly believe in the growth opportunities of the Australian and New Zealand chocolate confectionery markets,” Ben De Schryver, the president of Barry Callebaut’s operations in Asia Pacific, said. “We already have the highest quality products today and we will further grow our competitive advantage through the acquisition of, and investment in, the best-in-class GKC Foods manufacturing facility in Australia.”

Barry Callebaut said the transaction will involve the company “upgrading and expanding” the GKC Foods’ site, installing a chocolate production line and the deployment of a management system to “enhance automated production”. The company will employ around 50 people at the site, including GKC Foods’ existing employees, who will transfer to Barry Callebaut upon completion of the transaction.

John Borell, the managing director of GKC Foods, said: “I am very proud of the great chocolate business we have built from scratch over the past 35 years. Our agreement with Barry Callebaut will ensure the successful future of GKC Foods and our team as part of a large, international, group.”

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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