Swiss chocolate maker Barry Callebaut has acquired ASM Foods in Sweden from Danish confectioner Carletti.
The deal includes transfer of a speciality plant that produces compound chocolate products. Barry Callebaut will also take over industrial chocolate and compound production of Carletti in Denmark and has entered into a long-term outsourcing agreement to supply the group.
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The total additional volume for Barry Callebaut consisting of the ASM Foods business and the outsourcing agreement with Carletti will be around 25,000 tonnes of chocolate, compound and fillings.
“With the acquisition of ASM Foods we strengthen our portfolio of higher-margin products such as speciality compound chocolate, fillings and inclusions. This transaction will put us in a leadership position in Scandinavia. I am also proud to welcome Carletti A/S as our first outsourcing partner in Scandinavia,” Juergen Steinemann, CEO of Barry Callebaut, said.
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