Barry Callebaut finalizes sale of European consumer business

Barry Callebaut announces the completion of the sale of its European consumer business Stollwerck to the Belgian Baronie Group.

The sale included all of the business and all assets of Stollwerck and its affiliates, including five factories in Germany, Belgium and Switzerland.

The two parties agreed not to disclose any financial details of the transaction.

Stollwerck, based in Germany, has sales revenue of approximately €500 million ($660 million) and volumes sold are more than 100,000 tons.

Stollwerck's volumes consist of private label business, branded chocolate products (Sarotti, Alprose, Alpia and Jacques) and co-manufacturing for third parties.