Barry Callebaut has sealed its deal to buy production capacity from Japanese confectioner Morinaga.
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The Swiss chocolate maker said today (10 January) that it had finalised an agreement first signed in September.
Under the deal, Callebaut will acquire production capacity in Japan and enter a long-term supply deal with Morinaga.
Callebaut intends to upgrade the production lines it has bought from Morinaga to take annual capacity to 20,000 tonnes.
Yesterday (9 January), Callebaut further beefed up its presence in Asia with the opening of a chocolate factory in China.
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