Switzerland-based Barry Callebaut has signed an agreement to acquire 100% of the privately owned Spanish nut
manufacturer La Morella Nuts S.A.
11 January 2012 - Swiss chocolate maker Barry Callebaut (SWF:BARN) said today it would take over Spanish nut
specialist La Morella Nuts SA, in line with strategy to boost the adjacent offering of its gourmet and food manufacturers products business in Europe.
Positioned as a value party snack, Mitica Spanish Nut
Cocktail is a mix of vegetables and nuts sold in a 1.65-pound pack.
State aid to Spanish nut
producers worth a total of Euro 67.6 million has been approved by the Management Committee for Direct Payments on December 9.
The result is that Spanish nut
producers will not receive any support from the Common Agricultural Policy (CAP) this year because Regulation 789/89/EC has lapsed, and the reformed regime only begins in 2005.