Barry Callebaut AG said it completed the sale of its US sugar candy business Brach’s to Farley’s & Sathers Candy Company Inc., as announced in September.
The sale included all of the business and all assets of Brach’s and its affiliates, including three factories. The two parties agreed not to disclose any financial details of the transaction.
As already reported, Brach’s, headquartered in Dallas has annual gross salesof about US$270 million, with sugar candy accounting for around 75% and chocolate products making up around 25%.
The sale of the Brach’s sugar candy business allows Barry Callebaut to focus on its core business, chocolate.
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