Blog: Katy AskewBarry Callebaut broadens reach with nut M&A

Katy Askew | 9 June 2015

B2B confectionery supplier Barry Callebaut has entered into an agreement to acquire US nut producer American Almond Products Co. for an undisclosed sum.

The deal is small in terms of Barry Callebaut's overall scale. Financial terms were not disclosed but analysts at Kepler Cheuvreux estimate that, with sales of CHF15m (US$16.2m), Barry Callebaut is likely to have paid in the region of CHF30m for American Almond.

The bolt-on acquisition broadens the group's reach into adjacent ingredients categories and expands Barry Callebaut's ability to serve its confectioner customers with an on-trend range of artisanal nut products. In a similar step, the Barry Callebaut acquired Spanish nut company La Morella in early 2012, becoming a leader in nut-based ingredients in Europe.

Dave Johnson, CEO and president of Barry Callebaut's Americas arm, said: "American Almond's business fits perfectly with our overall strategy to further strengthen our market position in adjacent ingredients products for both our gourmet and specialties and food manufacturers products business. The acquired business will significantly broaden our product portfolio and open up attractive new growth opportunities as it complements our chocolate and cocoa product offerings."

BLOG

Tesco-Booker deal gets green light as UK grocery landscape shifts

Here in the UK, we've had two significant pieces of M&A news in the grocery retail channel in the last 24 hours....

BLOG

Getting the basics right online

Failed launches cost grocery brands operating in the UK over GBP30m per year - but ironing out mistakes made in listing new products online could help improve marketeers' chances of success, according...

BLOG

US trade body GMA loses another high-profile member

Just months after Campbell Soup Co. decided to leave The Grocery Manufacturers Association, the US lobby group is to see another major member leave....

just-food homepage



Forgot your password?