Barry Callebaut to sell French factory

21 September 2012 – Barry Callebaut intends to sell its factory and the related business in Dijon (France) to ‘Chocolaterie de Bourgogne’. With this, Barry Callebaut would conclude the final step to dispose of all its consumer activities. After the sale of Barry Callebaut’s European Consumer Products business (Stollwerck) to the Belgian Baronie Group in 2011, the Dijon factory remained as the last consumer factory within the Group.

‘Chocolaterie de Bourgogne’ will be a business owned and managed by Philippe de Jarcy and his management team. They have long-standing business experience in the consumer chocolate industry.

In order to support the business under the new ownership, Barry Callebaut has agreed that ‘Chocolaterie de Bourgogne’ will continue to provide 12,000 tonnes of liquid chocolate per year to Barry Callebaut under a five year supply contract.

As a result of this divestiture, Barry Callebaut expects to report a one-time loss from the discontinued operation of approximately €54 million for fiscal year 2011/12, which includes the operating result of the discontinued operation, one-off impairments and other one-off expenses incurred in relation to the transaction.

Juergen Steinemann, CEO of Barry Callebaut, says, "We are very pleased with "Chocolaterie de Bourgogne" as a new owner for our business in Dijon. Philippe de Jarcy and his team have a long-standing business experience in consumer chocolate products. With this transaction, we can now focus entirely on business to business."

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