SWITZERLAND – Barry Callebaut, the world’s leading manufacturer of chocolate and cocoa products, has announced that it has successfully completed the acquisition of D’Orsogna Dolciaria.
“We are pleased to close this agreement with D’Orsogna Dolciaria. This acquisition is a perfect fit with our ’smart growth’ strategy and will allow us to further accelerate the growth of our Specialties & Decorations business.
D’Orsogna Dolciaria brings unique capabilities that will enable us to offer more value added to our Food Manufacturers and Gourmet customers, especially in the ice-cream and dairy market segments”, said Antoine de Saint-Affrique, CEO of Barry Callebaut.
The two companies signed the agreement to acquire D’Orsogna Dolciaria, earlier this year in July, which was to further strengthen its Specialties & Decorations business, in particular in Europe.
The parties however, have agreed not to disclose any financial details of the transaction.
With the acquisition of D’Orsogna Dolciaria, Barry Callebaut will become a leader in decoration and inclusion products, expanding its existing offering with amaretti, meringues, cookies, glazing, toppings, inclusions and other products for ice cream, yogurts, snacks and chocolate decorations.
Sales volume of D’Orsogna Dolciaria in 2016 was around 12,000 tonnes, with sales revenues of approx. US$60.95 million.