Barry Callebaut announces settlement with Petra Foods regarding purchase price dispute - Food & Beverage Magazine

Barry Callebaut announces settlement with Petra Foods regarding purchase price dispute

Barry CallebautBarry Callebaut announces settlement with Petra Foods regarding purchase price dispute

  • Barry Callebaut

    Barry Callebaut and Petra Foods settled their dispute regarding the purchase price for the Cocoa Ingredients Division, which Barry Callebaut acquired from Petra Foods in 2013.

  • The settlement consists of a one-time lump sum payment of Petra Foods to Barry Callebaut of USD 38.8 million.
  • The parties agreed to extend the cocoa supply agreement under which Barry Callebaut supplies cocoa products to Petra Foods until end of June 2020.
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