The Barry Callebaut Group announced its intention to acquire and integrate the chocolate production facility of Mondelēz International in Halle, Belgium. Mondelēz International would enter into an agreement with Barry Callebaut for the long-term supply of 30,000 tonnes of liquid chocolate per annum. Under a toll-manufacturing agreement, Barry Callebaut would make certain consumer products for Mondelēz International that are currently produced at the chocolate plant in Halle.

As a result of this transaction, Barry Callebaut would be better equipped to capture business opportunities in the fast growing segment of specialty chocolate and fillings “Made in Belgium."

CEO Antoine de Saint-Affrique said: “This is an excellent opportunity for Barry Callebaut to strengthen our global strategic supply partnership with Mondelēz International. As a result, we would also be able to expand our manufacturing capacity for quality Belgian chocolate needed to support the continuous growth of our business with both Food Manufacturers and Gourmet & Specialties customers. This all demonstrates our continued commitment to Belgium and reflects the excellent reputation that Belgian chocolate enjoys globally.”

The expected closing of the transaction is by the end of December 2016, after completing works council consultation. The transaction is subject to closing conditions. The two parties have agreed not to disclose any financials of the transaction.