Barry Callebaut has successfully closed the acquisition of D’Orsogna Dolciaria. The integration will start as of today and the parties have agreed not to disclose any financial details of the transaction.
The initial announcement was made in July, earlier this year. You can read the article here.
D’Orsogna Dolciaria, a family-owned Italian business-to-business company, is known as a leading supplier of high-quality decoration and inclusion solutions mainly for Food Manufacturers, in particular for ice-cream, dairy and bakery products.
This acquisition underlines Barry Callebaut’s strategic efforts to expand in the value-added Specialties & Decorations segment, which serves both Food Manufacturers and Gourmet customers seeking for differentiation, premiumization and personalization. With the acquisition of D’Orsogna Dolciaria, Barry Callebaut will 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.
Sales volume of D’Orsogna Dolciaria in 2016 was around 12,000 tons, with sales revenues of approximately €52 million (US$59.8 million). The company was founded by Mario D’Orsogna and his wife Lucia in 1957 in San Vito Chietino, Italy (province of Chieti in the Abruzzo region). D’Orsogna Dolciaria 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 says: “We are pleased to close this agreement with D’Orsogna Dolciaria. 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.”
Source: Food Ingredients First
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