Barry Callebaut is going to buy D'Orsogna Dolciaria
The transaction is expected to close in September 2017
With three production facilities located in Italy, India and Canada, the Italian chocolate supplier saw revenues of roughly 52 million euros
Barry Callebaut has agreed to purchase Italian family-owned specialties and decorations business D'Orsogna Dolciaria for an undisclosed sum.
The transaction is expected to close in September 2017, subject to regulatory approval.
The world's biggest chocolate and cocoa product maker said the acquisition of D'Orsogna Dolciaria would help the Swiss group expand its current offerings to supply customers with amaretti, meringues, cookies, glazings and other products for ice cream, yogurts, snacks and chocolate decorations.
With three production facilities located in Italy, India and Canada, B2B company D'Orsogna Dolciaria saw revenues of roughly 52 million euros ($ 59.85 million) in 2016 and sales volumes of around 12,000 tonnes. A family-owned company founded in 1957 by Mario D'Orsogna and his wife Lucia in San Vito Chietino, is a supplier of the largest food multinationals in the production of semi-finished products for the confectionary industry.
"D'Orsogna will retain its brand and its presence in Abruzzo – said Valerio D'Orsogna, representing the second generation as a family business leader –. I am proud to bring new resources to the region where I was born and where my company grew up".
Barry Callebaut, headquartered in Zurich, recorded sales of 6.7 billion francs (about 6.1 billion euros) in the past year, managing more than 50 production establishment worldwide and employing around 10,000 employees.
© World Food Press Agency Srl