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    Expensive taste? Barry Callebaut defends hefty $950m Petra Foods deal

    Zoom in font  Zoom out font Published: 2012-12-14  Authour: Nathan Gray+   Views: 20
    Core Tip: Market analysts have branded Barry Callebaut’s $950 million takeover of Petra Foods' cocoa division ‘pricey’, but the Swiss chocolate giant has defended the move despite admitting it will hurt its pockets in the short-term.
    cocoaSpeaking with ConfectioneryNews.com Raphael Wermuth, external communications manager for Barry Callebaut said market responses to the deal to buy the cocoa division of Singapore-based Petra Foods,announced yesterday , are not a concern to the company.

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