Cocoa processor Barry Callebaut Group has announced the acquisition of GKC Foods, a chocolate producer, for an undisclosed sum.
Based in Melbourne, GKC Foods is a privately-owned B2B chocolate manufacturer, specialised in high-quality chocolate and chocolate related products.
According to sources, this acquisition allows Barry Callebaut Group to establish a direct presence and manufacturing capacity in Australia, expanding its position on the Australian and New Zealand markets.
Ben De Schryver, president of Barry Callebaut in the Asia Pacific, said: “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”.
John Borell, Managing Director of GKC Foods, added: “Our agreement with Barry Callebaut will ensure the successful future of GKC Foods and our team as part of a large, international, group”.
Sources: Barry Callebaut PR