Barry Callebaut to become long-term supplier of Grupo Bimbo
Posted: 17 January 2012 | Barry Callebaut AG | No comments yet
Barry Callebaut and Grupo Bimbo, announced the signing of a new long-term supply agreement for Bimbo’s operations in Mexico…
Barry Callebaut AG, the world’s leading manufacturer of high-quality cocoa and chocolate products, and Grupo Bimbo SAB de CV, one of the largest food companies in Latin America, announced today the signing of a new long-term supply agreement for Bimbo’s operations in Mexico. Under the terms of the agreement, Barry Callebaut will supply the plants of Grupo Bimbo with up to 32,000 tonnes of chocolate products annually for its domestic market, through the company’s Mexican factories in Toluca and Monterrey. The projected volumes will start immediately.
As a result of the agreement, Barry Callebaut will invest approximately CHF 15 million (EUR 12 million / USD 16 million).
In Mexico, as well as in many other countries in the Americas, Grupo Bimbo is the leader in the baking industry.
Juergen Steinemann, CEO of Barry Callebaut, said: “The new outsourcing agreement with Grupo Bimbo is a further landmark in opening up the promising market potential in Mexico. This agreement confirms the trend in outsourcing and our strategic focus on emerging markets.”
The parties agreed not to disclose any further terms of the agreement.