La Morella Nuts is a nut specialist producing a variety of high quality nut-based ingredients for the food industry in Europe.
Barry Callebaut says its customers are asking for combinations of chocolate and nut products. With the acquisition of La Morella Nuts, Barry Callebaut hopes to become a European leader in nut products.
La Morella Nuts manufactures about 8,000 tonnes of nut specialties per year and generated sales revenue of approximately CHF40m in 2011 with 90 employees.
La Morella Nuts will be integrated in Barry Callebaut’s business Region Europe as of January 2012.
Joaquim Barriach, CEO of La Morella Nuts, said: “Their knowledge, market reach and combination with chocolate will help us to further grow our business.”
The two parties have agreed not to disclose any financial details of the transaction.
Source: Barry Callebaut
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