Barry Callebaut closes Petra deal, optimistic about future

Barry Callebaut officially acquired Petra Foods last week, and while shares fell when the deal was announced, amid uncertainty over the amount the cocoa giant paid for the acquisition, Callebaut stands by its decision, saying the deal was a strategic fit. "Being now the largest global supplier of high-quality cocoa products, we will be able to capture opportunities in the fast-growing markets for specialty cocoa powders even better," said Callebaut CEO Juergen Steinemann.

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