Swiss chocolate maker Barry Callebaut buys Australia's GKC Foods
[ZURICH] Barry Callebaut has signed a deal to buy Australian chocolate, coatings and fillings maker GKC Foods, the Swiss company said on Wednesday.
The purchase, for an undisclosed sum, gives Barry Callebaut a direct presence and manufacturing site in Australia so it can cater to growing local and New Zealand markets, the Zurich company said.
Barry said it would also expand GKC's factory in Melbourne and install a new chocolate production line. GKC is a privately-owned company which supplies chocolate to other food manufacturers.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Possible class action lawsuit against Cordlife by customers could take at least 2 years
Chinese tariffs could leave cognac makers with too much brandy
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share