World leader in the production of chocolate buys company in Russia

Chocolate consumption in Russia is growing faster than world

The world's largest chocolate maker, the Swiss Barry Callebaut, will increase capacity in Russia by almost 3 times. The Russian market has a huge potential, the company believes.

The Swiss chocolate maker Barry Callebaut has signed an agreement to buy the Russian manufacturer Inforum, the companies said in a joint statement. It is planned to complete the transaction until the end of 2018. Its conditions are not disclosed by the parties. Director General of Infoline-analytics Mikhail Burmistrov estimates 100% of Inforum at least 1.8 billion rubles.

Barry Callebaut - the world leader in the production of chocolate and cocoa products. The company has about 60 factories around the world, producing about 2 million tons of products per year. Sales in the 2016/17 fiscal year ended August 31 were about 6.3 billion euros. 50.1% of the company's shares belong to Swiss Jacobs Holding, billionaire Klaus Jacobs, and another 8.5% belong to his wife Renata Jacobs.

Vedomosti.ru