Barry Callebaut AG And Unilever NV Sign Long-Term Partnership Agreement
Barry Callebaut AG and Unilever NV announced the signing of a new long-term global partnership agreement. Under the terms of the agreement, Barry Callebaut will become Unilever's strategic global supplier and innovation partner of choice for its cocoa and chocolate needs. This new global supply agreement builds on the existing long-standing working relationship and will nearly double Barry Callebaut's current volumes with Unilever. Ultimately Barry Callebaut will provide 70% of Unilever's global cocoa and chocolate products. As a result of the agreement, Barry Callebaut will invest approximately CHF22 million (EUR18 million/USD24 million) in its worldwide factory network in order to prepare the capacity required to fulfill the long-term partnership agreement.
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