Callebaut acquires American Almond Products

9 Jun 2015

Barry Callebaut is to acquire the customer portfolio, brands, recipes, and manufacturing equipment from nut products manufacturer American Almond Products. American Almond is said to be a leader in the U.S. in artisanal nut-based ingredients with a production facility located in Brooklyn, New York. The company produces a variety of products focusing on professional customers […]

Callebaut acquires American Almond Products

m-mergers-acquisitions-word-cloud-26295380Barry Callebaut is to acquire the customer portfolio, brands, recipes, and manufacturing equipment from nut products manufacturer American Almond Products.

American Almond is said to be a leader in the U.S. in artisanal nut-based ingredients with a production facility located in Brooklyn, New York. The company produces a variety of products focusing on professional customers in the chocolate confectionery, pastry, bakery, ice cream and beverages markets. American Almond manufactures about 2,000 tonnes of nut specialties a year and generated sales revenue of approx. CHF14.8 million ($15.9 million/€14.2 million) in 2014.

The transaction with American Almond underlines Barry Callebaut’s strategic intention to further grow in adjacent ingredients products, the company said.

Barry Callebaut acquired Spanish company la Morella nuts early 2012.

According to Barry Callebaut, nut-based products are highly complementary to chocolate with customer demand growing fast.

“American Almond’s business fits perfectly with our overall strategy to further strengthen our market position in adjacent ingredients products for both our Gourmet & Specialties and Food Manufacturers Products business,” said Dave Johnson, CEO and President Americas of the Barry Callebaut Group. “The acquired business will significantly broaden our product portfolio and open up attractive new growth opportunities as it complements our chocolate and cocoa product offerings.”

“We are thrilled with the enormous growth opportunity for American Almond and for our customers as we become a strategic part of the Barry Callebaut Group,” said Vic Frumolt, President and CEO of American Almond, “and take full advantage of the many new product development, sales and distribution resources they have.”