ZURICH, SWITZERLAND — (Marketwire) — 11/30/12 — Barry Callebaut /Barry Callebaut: Completion of Dijon sale to “Chocolaterie de Bourgogne”. Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement.
Conclusion of final step in divesting consumer activities
Zurich/Switzerland, November 30, 2012 – Barry Callebaut AG, the world’sleadingmanufacturer of high quality cocoa and chocolate products, today completedthesale of its factory and the related business in Dijon (France) to the newlyformed “Chocolaterie de Bourgogne,” as announced on September 21, 2012.Withthis, Barry Callebaut concludes the final step to dispose of all itsconsumeractivities and to fully focus on business-to-business, serving industrialfoodmanufacturers, artisans and professional users of chocolate.
As a result of the divestiture, Barry Callebaut reported a one-time lossfromdiscontinued operations of CHF 66.8 million (EUR 55.1 million / USD 72.0million) in its fiscal year 2011/12. The operational result of the businessuntil completion of the sale as well as final price adjustments will bereportedunder discontinued operations for the company’s fiscal year 2012/13. BarryCallebaut is not expecting a significant additional write-off.
With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2billion)for fiscal year 2011/12, Zurich-based Barry Callebaut is the world’sleadingmanufacturer of high-quality cocoa and chocolate – from the cocoa bean tothefinest chocolate product. Barry Callebaut is present in 30 countries,operatesaround 45 production facilities and employs a diverse and dedicatedworkforce ofabout 6,000 people. Barry Callebaut serves the entire food industryfocusing onindustrial food manufacturers, artisans and professional users of chocolate(such as chocolatiers, pastry chefs or bakers), the latter with its twoglobalbrands Callebaut((R)) and Cacao Barry((R)). Barry Callebaut is theglobal leader in cocoa and chocolate innovations and provides acomprehensive range of servicesin the fields of product development, processing, training and marketing.Costleadership is another important reason why global as well as local foodmanufacturers work together with Barry Callebaut. Through its broad rangeofsustainability initiatives and research activities, the company works withfarmers, farmer organizations and other partners to help ensure futuresuppliesof cocoa and improve farmer livelihoods.
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Source: Barry Callebaut via Thomson Reuters ONE