Barry Callebaut completes acquisition of GKC Foods in Australia

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• Acquisition establishes Barry Callebaut’s direct presence and manufacturing capacity in Australia to cater for the Australian and New Zealand markets

The Barry Callebaut Group, the world’s leading manufacturer of high-quality #chocolate and cocoa products, today announced that it has successfully closed the acquisition of #gkcfoods (Australia) Pty Ltd, a producer of #chocolate, coatings and fillings, that serves many consumer #chocolate brands in Australia and New Zealand. The integration will start as of now.

"We are happy to welcome the team of #gkcfoods to the Barry Callebaut family. The heritage and local knowledge #gkcfoods has built since the 1980s, combined with the expertise, the state of the art manufacturing processes and the capabilities of an undisputed leader in #chocolate and cocoa innovation will bring further excellence to the Australia and New Zealand markets. We strongly believe in the growth opportunities in these still largely captive markets."

Ben De Schryver, President of Barry Callebaut in Asia Pacific

This strategic acquisition establishes Barry Callebaut’s direct presence and manufacturing capacity in the growing Australian market. The acquisition of #gkcfoods 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.

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.

The parties have agreed not to disclose any financial details of the transaction.

^{1 Euromonitor’s #chocolate Confectionery Market in Australia 2019.
2 Nielsen, January - December 2019: Australia +5.2%; global +1.3%.}