Barry Callebaut, the leading Swiss cocoa and chocolate company, has agreed to buy AM Foods from Arla Foods of Denmark for an undisclosed sum.

AM Foods produces and sells chocolate and cappuccino vending mix products primarily to the foodservice sector in the key markets of Europe as well as Scandinavia and Eastern Europe and has been in this business for more than 30 years.

AM Foods will be integrated into Barry Callebaut’s Gourmet & Specialties business unit.

The transaction is subject to approval by the competent competition authorities, and is expected to be concluded in September this year.