Barry Callebaut to acquire assets of American Almond

The Barry Callebaut Group, the manufacturer of chocolate and cocoa products, has signed an agreement to acquire the customer portfolio, brands, recipes, and manufacturing equipment from nut products manufacturer American Almond Products Co., Inc. 

American Almond is known as 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 tones of nut specialties a year and generated sales revenue of approx. CHF 14.8 million (USD 15.9 million / EUR 14.2 million) in 2014.
The transaction with American Almond underlines Barry Callebaut’s strategic intention to further grow in adjacent ingredients products.
In a similar step, the Barry Callebaut Group acquired Spanish company la Morella nuts early 2012. Nut-based products are highly complementary to chocolate with customer demand growing fast.
Dave Johnson, CEO and President Americas of the Barry Callebaut Group, comments:
“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. 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.”
Vic Frumolt, President and CEO of American Almond Products Co., Inc. comments:

“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 and take full advantage of the many new product development, sales and distribution resources they have.”
The two parties have agreed not to disclose any further details on the transaction.