Purchase makes Callebaut world's top cocoa processor

12/12/2012 | Bloomberg

Barry Callebaut has agreed to buy the cocoa ingredients unit of Singapore-based Petra Foods for $950 million, in a deal that gives it seven factories and makes it the world's largest cocoa producer. "This significant transaction will allow us to continue our expansion strategy in all regions and capture additional opportunities through outsourcing and partnership agreements," company Chairman Andreas Jacobs said.

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