August 2011
BUSINESS NEWS
MANUFACTURING CONFECTIONER — Global Source for Chocolate, Confectionery and Biscuit Information
Baronie purchases Stollwerck business
Companies in the News
Baronie . . . . . . . . . . . . . . . . . . . . . 7
Barry Callebaut . . . . . . . . . . . . . . 7
BestSweet . . . . . . . . . . . . . . . . . . . 10
Blackstone . . . . . . . . . . . . . . . . . . 8
Calbee Ind. . . . . . . . . . . . . . . . . . . 15
Colony Brands . . . . . . . . . . . . . . . 12
Ezaki Glico Co., Ltd. . . . . . . . . . . . 15
Fujiya Co., Ltd. . . . . . . . . . . . . . . . 15
The Hershey Company . . . . . . . . 16
Hsu Fu Chi . . . . . . . . . . . . . . . . . . 7
Jelly Belly Candy Co. . . . . . . . . . . 13
Judson Atkinson . . . . . . . . . . . . . . 13
Kameda Seika Co., Ltd. . . . . . . . . 15
Koko’s Confectionery & Novelty . 12
Kraft Foods Europe . . . . . . . . . . . 12
Lotte . . . . . . . . . . . . . . . . . . . . . . . 10
Mars Chocolate NA . . . . . . . . . . . 15
Mars UK . . . . . . . . . . . . . . . . . . . . 13
Meiji Holdings Co., Ltd. . . . . . . . . 15
Morinaga & Co., Ltd. . . . . . . . . . . 15
Nestlé . . . . . . . . . . . . . . . . . . . 7, 10
Stollwerck . . . . . . . . . . . . . . . . . . . 7
Tangerine Confectionery . . . . . . . 8
Toms Confectionery . . . . . . . . . . . 8
Wrigley . . . . . . . . . . . . . . . . . . . . . 8
Yamazaki Baking Co., Ltd. . . . . . . 12
Barry Callebaut AG recently
announced the sale of its European consumer business Stollwerck to Baronie Group based in
Belgium. The deal comprises the
entire Stollwerck Group including
five factories in Germany, Belgium
and Switzerland.
Stollwerck, founded in 1839 and
bought by Barry Callebaut in 2002,
is a producer of chocolate confectionery products. Sales revenue of
Stollwerck
is
approximately
€500 million and volume sold
exceeds 100,000 metric tons. Stollwerck’s product lines consist of private
label business, branded chocolate
products (Sarotti, Alprose, Alpia and
Jacques) and co-manufacturing for
third parties. The company employs
about 1,700 people.
The transaction also includes a
long-term agreement for the supply of approximately 25,000 metric tons of liquid chocolate
annually as well as the additional
supply of cocoa beans and semifinished products.
Nestlé acquires stake in Hsu Fu Chi
Nestlé has entered into a partnership agreement with the founding
family of Hsu Fu Chi, based in
Dongguan, China. Under the
proposed agreement, Nestlé
intends to acquire 60 percent of
Hsu Fu Chi while the Hsu family
will own the remaining 40 percent. Hsu Fu Chi’s current CEO
and chairman, Hsu Chen, will
continue to lead the company in
the new partnership.
The total price to be paid by
Nestlé
is
approximately
SGD 2.1 billion (US$1.7 billion).
Hsu Fu Chi, a leading manufacturer and distributor of confec-
tionery products in China, has in
its portfolio sugar confectionery,
cereal-based snacks, packaged cakes
and the traditional Chinese snack
sachima. Hsu Fu Chi’s products are
tailored to Chinese consumers’
needs and habits, and complement
Nestlé’s existing product portfolio
in China.
In 2010, Hsu Fu Chi reported
sales
of
CHF 669 million
(US$812.7 million) and an E B I T
margin of 17.3 percent. The company operates four large-scale factories in China, has appropriate
route-to-market capabilities and
employs 16,000 people.
The Manufacturing Confectioner • August 2011
7