Completion of the deal is expected by the end of this year, after finalizing all legal and social processes. The two parties have not disclosed any financial details.
At the same time, the chocolate manufacturer would acquire the chocolate manufacturing assets at Burton’s Biscuit Company’s chocolate factory in Moreton, Wirral, near Liverpool, UK. Barry Callebaut would continue producing chocolate at the Moreton site, according to the company and all employees currently engaged in the manufacture of chocolate at the Moreton facility would transfer to Barry Callebaut upon completion of the transaction.
As a result, Barry Callebaut would be able to expand its manufacturing capacity in the UK, one of Europe’s most significant chocolate confectionery markets and a significant growth area for the company.
Antoine de Saint-Affrique, CEO of the Barry Callebaut Group, says: “We are delighted to strengthen the collaboration with our longstanding customer Burton’s and to support a great British brand further. This transaction is an excellent example of the power of long-term partnerships and outsourcing. It is also a clear sign of our commitment to support the growth of our business in the UK market.”
Nick Field, CEO of Burton’s Food Ltd., adds: “I am pleased to announce the signing of a long-term supply agreement with Barry Callebaut, the world’s leading chocolate manufacturer. Barry Callebaut shares our passion and motivation for baking the best quality products for our customers and consumers. This new partnership, with their larger network and enhanced capabilities, directly supports our intent and commitment to maintain and enhance our industry-leading chocolate biscuit offering.”
