Swiss chocolate group Barry Callebaut has completed the sale of its US sugar confectionery business Brach’s to Farley’s & Sathers.
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The sale, which was originally announced in September, includes all of the business and assets of Brach’s and its affiliates, including three factories.
No financial terms have been disclosed. Dallas-based Brach’s has annual gross sales of around US$ 270m, with sugar candy accounting for around 75% and chocolate products making up the remaining 25%.
Callebaut only acquired Brach’s four years ago, but has elected to offload the business in order to focus on its business-to-business chocolate operations.
Farley’s & Sathers, which is owned by private equity group Catterton Partners, manufactures and distributes confectionery, gum and snacks.
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