Barry Callebaut Completes Acquisition Of D’Orsogna Dolciaria
Cocoa and chocolate producer Barry Callebaut has completed its acquisition of Italian confectionery company D’Orsogna Dolciaria.
The family-owned Italian business supplies decoration and inclusion solutions for food manufacturers, in particular for ice-cream, dairy and bakery products.
The sales volume of D’Orsogna Dolciaria in 2016 was around 12,000 tonnes, with sales revenues of around €52 million.
Based in San Vito Chietino, the company operates three production sites in Italy, India and Canada, employing around 300 people.
The acquisition is part of Barry Callebaut’s strategic efforts, and will expand its existing offering with amaretti, meringues, cookies, glazings, toppings, and other products for ice cream, yogurts, snacks and chocolate decorations.
"We are pleased to close this agreement with D’Orsogna Dolciaria," said Antoine de Saint-Affrique, CEO of Barry Callebaut.
"D’Orsogna Dolciaria brings unique capabilities that will enable us to offer more value to our food manufacturers and gourmet customers, especially in the ice-cream and dairy market segments.”
The financial details of the transaction have not been made public.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine.