Barry Callebaut Group has signed an agreement to acquire Inforum, a leading Russian B2B producer of chocolate, coatings and fillings.
Inforum serves many of the well-known consumer chocolate brands in Russia.
The acquisition will strengthen Barry Callebaut’s presence and production capacity in the high-growth Russian market, allow it to expand its market position, to leverage its gourmet and specialties business and to further increase market penetration in CIS countries and export markets.
The transaction is subject to regulatory approval and other closing conditions. Expected completion is by the end of the calendar year. The parties have agreed not to disclose any financial details of the transaction.