South Africa’s Tiger Brands has acquired Barry Callebaut’s stake in Cameroon-based consumer chocolate business Chococam.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Upon completion of the transaction Tiger Brands will hold 74.7% of Chococam shares. The remaining 25.3% of Chococam will be held by a number of small private investors.


The move will allow Barry Callebaut to focus on cocoa sourcing and cocoa processing in Africa, the company said in a statement released today (24 July).


Tiger Brands said the acquisition is in line with its African expansion strategy.


Financial details of the transaction were not disclosed.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now