Barry Callebaut to expand into Russia
The Barry Callebaut Group has signed an agreement to acquire Inforum, a Russian B2B producer of chocolate, coatings and fillings.
This acquisition is set to ‘strengthen’ Barry Callebaut’s presence and production capacity in the Russian market.
Inforum was founded in 1989 by four entrepreneurs and started its business selling cocoa products. Sales revenue in 2017 was about RUB 5.1 billion (CHF 86 million / EUR 77 million).
The company operates a production site in Kasimov, Ryazan Oblast (285 km southeast of Moscow) and employs more than 300 people, who will transfer to Barry Callebaut upon completion of the transaction.
As it stands, Barry Callebaut has a chocolate manufacturing plant near Moscow, which became operational in 2007 and also has a CHOCOLATE ACADEMY™ centre – a training center for professional users of chocolate – in Moscow. In Russia alone, Barry Callebaut currently employs around 80 people in Russia.
Antoine de Saint-Affrique, CEO of the Barry Callebaut Group, said: “We are delighted to join forces with such an established, locally engrained Russian company. Inforum’s heritage and local knowledge, combined with our innovation capabilities and international experience, will reinforce each other’s strengths. Together, we will be able to bring further excellence and innovation to the market and to serve Russian consumer chocolate manufacturers even better.”
According to a statement by Barry Callebaut: “The transaction is subject to regulatory approval and other closing conditions. Expected completion is by the end of the calendar year. The parties have agreed not to disclose any financial details of the transaction.”