MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Food / Culinary
Written by / Agency / Source: Barry Callebaut AG
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Barry Callebaut to Acquire GKC Foods in Australia - The Barry Callebaut Group has signed an agreement to acquire GKC Foods (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many consumer chocolate brands in Australia and New Zealand - GKCFoods.com.au / Barry-Callebaut.com
Barry Callebaut to Acquire GKC Foods in Australia

 

NewswireToday - /newswire/ - Zurich, Switzerland, 2020/05/27 - The Barry Callebaut Group has signed an agreement to acquire GKC Foods (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many consumer chocolate brands in Australia and New Zealand - GKCFoods.com.au / Barry-Callebaut.com. BARN

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Food / Culinary Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Acquisition establishes Barry Callebaut’s direct presence and manufacturing capacity in Australia to cater for the Australian and New Zealand markets;
• Investment involves upgrading the factory and installing a new chocolate production line;
• GKC Foods is a privately-owned B2B chocolate manufacturer, serving many consumer chocolate brands in Australia and New Zealand.

The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, has signed an agreement to acquire GKC Foods (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many consumer chocolate brands in Australia and New Zealand.

This strategic acquisition establishes Barry Callebaut’s direct presence and manufacturing capacity in the growing Australian market. The acquisition of GKC Foods empowers the Group to expand its position in the industrial chocolate market and to leverage its value-adding Gourmet & Specialties business in Australia and New Zealand. Barry Callebaut will continue to work with local distributors across Australia and New Zealand who have been importing and distributing its industrial and Gourmet chocolate and cocoa products to the country since the 1970s.

Australia and New Zealand have an average chocolate consumption of approximately 5 kilograms per capita, the highest per-capita chocolate consumption in Asia Pacific, according to Euromonitor1. In Australia, demand for chocolate has been on the rise the chocolate confectionery market in the country grew well above the global market according to Nielsen2.

GKC Foods (gkcfoods.com.au) has been manufacturing “Made in Australia” chocolate and confectionery products since the 1980s. Today, the company produces a wide range of products including organic and vegan chocolate for dedicated chocolate shops, gourmet delis, specialty food outlets, and key national retailers. The company operates a chocolate factory and a warehouse in Melbourne.

Barry Callebaut’s investment involves upgrading and expanding the factory’s existing infrastructure, installing a new state-of-the-art chocolate production line, and the deployment of an integrated management system to enhance automated production. In addition, the company will employ around 50 people at the site, including GKC Foods' existing employees, who will transfer to Barry Callebaut upon completion of the transaction.

“We strongly believe in the growth opportunities of the Australian and New Zealand chocolate confectionery markets. We already have the highest quality products today and we will further grow our competitive advantage through the acquisition of, and investment in, the best-in-class GKC Foods manufacturing facility in Australia.”
Ben De Schryver, President of Barry Callebaut in Asia Pacific

“I am very proud of the great chocolate business we have built from scratch over the past 35 years. Our agreement with Barry Callebaut will ensure the successful future of GKC Foods and our team as part of a large, international, group. We really appreciate the business principles and the team spirit on which Barry Callebaut is based.”
John Borell, Managing Director of GKC Foods

The transaction is subject to regulatory approval and other closing conditions. Expected completion is before the end of this calendar year. The parties have agreed not to disclose any financial details of the transaction.

Barry Callebaut (barry-callebaut.com) is one of the largest chocolate and cocoa manufacturers in Asia Pacific. Employing more than 1,800 employees in the region, the company already operates 10 chocolate and cocoa factories in Asia, namely in China, Indonesia, Japan, Malaysia, and Singapore. In the last 12 months, the company has also expanded its sales operations in Indonesia and the Philippines, in addition to its existing sales offices in India, Japan, Malaysia, Singapore and Thailand. It recently announced the groundbreaking of a new chocolate factory in India which is expected to be ready in late-2020. Barry Callebaut’s Asia Pacific Headquarters are in Singapore.

1. Euromonitor’s Chocolate Confectionery Market in Australia 2019.
2. Nielsen, January - December 2019: Australia +5.2%; global +1.3%.

About Barry Callebaut Group

With annual sales of about CHF 7.3 billion (EUR 6.5 billion / USD 7.4 billion) in fiscal year 2018/19, the Zurich-based Barry Callebaut Group (barry-callebaut.com) is the world’s leading manufacturer of high-quality chocolate and cocoa products from sourcing and processing cocoa beans to producing the finest chocolates, including chocolate fillings, decorations and compounds. The Group runs more than 60 production facilities worldwide and employs a diverse and dedicated global workforce of more than 12,000 people.

The Barry Callebaut Group serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The two global brands catering to the specific needs of these Gourmet customers are Callebaut® and CacaoBarry®.

The Barry Callebaut Group is committed to make sustainable chocolate the norm by 2025 to help ensure future supplies of cocoa and improve farmer livelihoods. It supports the Cocoa Horizons Foundationin itsgoal to shape a sustainable cocoa and chocolate future.

About GKC Foods (Australia) Pty Ltd

GKC Foods (gkcfoods.com.au) is a privately owned Australian company specializing in the manufacture of high quality chocolate and chocolate related products. Proudly Australian made and owned, GKC Foods is located in Melbourne, Australia and has been manufacturing chocolateand confectionery products since the 1980’s. GKC Foods is committed to high product quality and food safety standards and specialize in private label and contract manufacturing. GKC’smanufacturing facilities are BRC approved with original HACCP certification being achieved in 2000.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Food / Culinary Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Barry Callebaut AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Food / Culinary articles,
CATCH Visitors via Your Competitors Announcements!


Barry Callebaut to Acquire GKC Foods in Australia

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Frank Keidel - Barry-Callebaut.com 
+41 43 268 86 06 frank_keidel[.]barry-callebaut.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Barry Callebaut AG securities in any jurisdiction including any other companies listed or named in this release.

Food / Culinary via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Barry Callebaut AG / Company Profile


Read Food / Culinary Most Recent Related Newswires:

Singapore’s #1 Chocolate Factory for 23 Years Just Got Bigger with its 4th Production Line
Food & Beverage Market to Surpass Billion in 2020 in KSA and UAE Finds Frost & Sullivan
Barry Callebaut Launches BC LIVE - A Digital Events Platform
KSA and UAE Health & Wellness Food & Beverage Market to Reach .56 Billion, Reveals Frost & Sullivan
Barry Callebaut Opens World's First 3D Printing Studio to Craft Unseen Chocolate Experiences
Barry Callebaut Introduces 100% Dairy-free ‘M_lk Chocolate’ as Part of an Indulgent ‘Plant Craft’ Range
Barry Callebaut Inaugurates its Brand New CHOCOLATE ACADEMY™ Center in Banbury, UK
FDA Advances Ruby as the Fourth Type of Chocolate after Dark, Milk and White
Growth in Food & Beverages Market Projects the Global Food Enzymes Market At 5.57% CAGR by 2027 Reports Inkwood Research
.6 Billion in Investments Spurring Aggressive Expansion of Food Delivery Companies Predicts Frost & Sullivan
Barry Callebaut Unleashes the Full Power of the Cacaofruit in Next-gen Food & Drink Category
Barry Callebaut Introduces Bensdorp Natural Dark - A Flavorful, 100% Natural, Dark Cocoa Powder
Barry Callebaut Continues to Expand in Indonesia
Barry Callebaut Announces Groundbreaking of New Chocolate Factory in Baramati, India
Barry Callebaut’s Forever Chocolate Leads Annual Sustainalytics Ranking

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow, Inc.

Visit  Limelon Advertising, Co.





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)