ZURICH, SWITZERLAND--(Marketwire - Nov 30, 2012) - Barry Callebaut /
Barry Callebaut: Completion of Dijon sale to "Chocolaterie de Bourgogne"
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Conclusion of final step in divesting consumer activities
Zurich/Switzerland, November 30, 2012 - Barry Callebaut AG, the world's
leading
manufacturer of high quality cocoa and chocolate products, today completed
the
sale of its factory and the related business in Dijon (France) to the newly
formed "Chocolaterie de Bourgogne," as announced on September 21, 2012.
With
this, Barry Callebaut concludes the final step to dispose of all its
consumer
activities and to fully focus on business-to-business, serving industrial
food
manufacturers, artisans and professional users of chocolate.
As a result of the divestiture, Barry Callebaut reported a one-time loss
from
discontinued operations of CHF 66.8 million (EUR 55.1 million / USD 72.0
million) in its fiscal year 2011/12. The operational result of the business
until completion of the sale as well as final price adjustments will be
reported
under discontinued operations for the company's fiscal year 2012/13. Barry
Callebaut is not expecting a significant additional write-off.
Barry Callebaut (www.barry-callebaut.com/):
With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2
billion)
for fiscal year 2011/12, Zurich-based Barry Callebaut is the world's
leading
manufacturer of high-quality cocoa and chocolate - from the cocoa bean to
the
finest chocolate product. Barry Callebaut is present in 30 countries,
operates
around 45 production facilities and employs a diverse and dedicated
workforce of
about 6,000 people. Barry Callebaut serves the entire food industry
focusing on
industrial food manufacturers, artisans and professional users of chocolate
(such as chocolatiers, pastry chefs or bakers), the latter with its two
global
brands Callebaut(®) and Cacao Barry(®). Barry Callebaut is the
global leader in cocoa and chocolate innovations and provides a
comprehensive range of services
in the fields of product development, processing, training and marketing.
Cost
leadership is another important reason why global as well as local food
manufacturers work together with Barry Callebaut. Through its broad range
of
sustainability initiatives and research activities, the company works with
farmers, farmer organizations and other partners to help ensure future
supplies
of cocoa and improve farmer livelihoods.
The complete news release can be downloaded from the following link:
Press Release (PDF): http://hugin.info/100441/R/1661653/538405.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Barry Callebaut via Thomson Reuters ONE
[HUG#1661653]