Barry Callebaut to acquire decorations supplier
Global chocolate and cocoa products manufacturer Barry Callebaut has signed an agreement to acquire decoration and inclusion supplier D’Orsogna Dolciaria.
The deal is expected to further strengthen its specialities and decorations business, particularly in Europe.
Family-owned, business-to-business company D’Orsogna Dolciaria is a supplier of decoration and inclusion solutions for food manufacturers, in particular for ice cream, dairy and bakery products.
With the acquisition of D’Orsogna Dolciaria, Barry Callebaut will expand its existing product line to include: amaretti, meringues, cookies, glazings, 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 around €52 million. D’Orsogna Dolciaria has three facilities in Italy, India and Canada and employs around 300 people.
“This acquisition is a perfect fit with our ’smart growth’ strategy and will allow us to further accelerate the growth of our specialties and decorations business,” says Barry Callebaut CEO Antoine de Saint-Affrique. “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.”
The transaction, which is subject to regulatory approval, is expected to close in September. Financial terms of the deal have not been disclosed.