The Barry Callebaut Group signed an agreement to acquire Inforum, a Russian B2B producer of chocolate, coatings, and fillings. The acquisition is expected to strengthen Barry Callebaut's presence and production capacity in the high-growth Russian market, allow it to expand its market position, leverage its value-adding Gourmet & Specialties business, and further increase market penetration in CIS countries and export markets.
Inforum operates a production site in Ryazan Oblast and employs more than 300 people who will transfer to Barry Callebaut upon completion of the transaction. Russia has a chocoate consumption of 4.8 kilograms per capita, according to Euromonitor, and growth rates in volume terms are significantly above the global chocolate confectionery market, according to Nielsen.
Related: Barry Callebaut Forecasts Continued Chocolate Growth; Nestle Offers Ruby Chocolate.
from Specialty Food News https://ift.tt/2ylSPJA
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