Barry Callebaut has acquired the commercial beverages vending activities from FrieslandCampina Kievit in Europe.
The transaction also includes a long-term contract manufacturing agreement under which FrieslandCampina Kievit will continue to produce vending products for Barry Callebaut, such as the Satro Quality Drinks range, at its production site in Lippstadt, Germany.
The acquired activities represent about 20,000 tons of additional sales volume and CHF55 million (US$55 million) of additional sales revenue for Barry Callebaut.
Barry Callebaut’s Vending & Beverages division is part of the Gourmet & Specialties Products Group.
With two production locations in Sweden and UK, it is a major player in the European beverage and vending industry.
The beverage business specializes in the manufacture and supply of highly soluble chocolate, cappuccino and other powders for use in the beverage sector.
The transaction is subject to customary closing conditions.
Closing of the transaction is expected within the first quarter of 2016.
The parties have agreed not to disclose any financial details of the transaction.