Barry Callebaut anticipates deliveries of the additional volumes to start towards the end of its fiscal year 2007/08.
Patrick De Maeseneire, CEO of Barry Callebaut, says, "The MoU with Cadbury Schweppes is another milestone in our strategy to take advantage of the ongoing outsourcing trend. This is again an excellent example of how Barry Callebaut has established itself as the outsourcing partner of choice in the chocolate industry."
Barry Callebaut and Cadbury Schweppes also intend to increase their cooperation in areas such as cocoa bean sourcing in origin countries, quality and innovation, and corporate social responsibility.
The two parties have decided not to disclose any financials of the transaction.
From the July 2, 2007, Prepared Foods e-Flash