Zurich, Switzerland — Barry Callebaut AG has agreed to acquire Inforum Cocoa Ltd., a leading Russian B-2-B supplier of chocolate, coatings and fillings that serves many well-known Russian brands, according to acquiring company.
The move strengthens Barry Callebaut’s position in the Russian chocolate market, which is the second largest in the world in terms of volume and has volume growth rates significantly above the global confectionery market, the chocolate supplier reports.
“We are delighted to join forces with such an established, locally engrained Russian company,” says Barry Callebaut Group CEO Antoine de Saint-Affrique. “Inforum’s heritage and local knowledge, combined with our innovation capabilities and international experience, will reinforce each other’s strengths.”
Terms of the deal have not been disclosed and the transaction is expected to close by the end of this calendar year, according to the acquiring firm.