Barry Callebaut acquires specialist Italian decoration business
An agreement has been signed for global chocolate and cocoa-product manufacturer Barry Callebaut to acquire decorative confectionery business D’Orsogna Dolciaria.
The purchase of the Italian-based company is a family-owned business, renowned for its high-quality decoration and inclusion solutions mainly for Food Manufacturers, in particular for bakery, ice-cream, and dairy products.
According to Barry Callebaut, the deal, which was for an undisclosed sum, underlines its strategic efforts to expand in the value-added Specialties & Decorations segment, which serves both Food Manufacturers and Gourmet customers seeking for differentiation, premiumisation and personalisation.
The company said its latest acquisition will allow it to become a leader in decoration and inclusion products, expanding its existing offering with amaretti, meringues, cookies, glazings, toppings, inclusions and other products for ice cream, yogurts, snacks and chocolate decorations.
Revenues for D’Orsogna Dolciaria in 2016 were around EUR 52 million, with the business having been founded by Mario D'Orsogna and his wife Lucia in 1957 in San Vito Chietino. The company has three state-of- the-art facilities in Italy, India and Canada and employs around 300 people.
Antoine de Saint-Affrique, CEO of Barry Callebaut said: “We are delighted to welcome D’Orsogna Dolciaria and all its employees to the Barry Callebaut family. This acquisition is a perfect fit with our ’smart growth’ strategy and will allow us to further accelerate the growth of our Specialties & Decorations business. D’Orsogna Dolciaria brings unique capabilities that will enable us to offer more value added to our Food Manufacturers and Gourmet customers, especially in the ice-cream and dairy market segments.”
Valerio D’Orsogna, CEO of D’Orsogna Dolciaria, added: “Our agreement with Barry Callebaut is of tremendous strategic importance for maintaining and strengthening D’Orsogna’s international competitiveness.
“Our competencies, know-how and excellence in quality have always been key strategic factors for our company and they are much appreciated by Barry Callebaut. D’Orsogna will keep its brand name and presence in the Abruzzo region. I am proud to bring new resources to the region where I was born and where my company has grown, and I will personally oversee the integration of D’Orsogna Dolciaria into Barry Callebaut.”
The transaction is subject to regulatory approval. Closing of the transaction is expected in September 2017.