Barry Callebaut and Kraft Foods Sign Global Supply Agreement
Barry Callebaut, the world's largest manufacturer of high-quality cocoa and chocolate products, and Kraft Foods Inc., the world's second largest food company and a global leader in confectionery, announced today the signing of a long-term global master product agreement. Under the terms of the agreement, the parties expect Barry Callebaut to deliver the majority of Kraft Foods cocoa products and industrial chocolate requirements around the world. The agreement, which also includes some of the Cadbury liquid chocolate deliveries under the current outsourcing agreement, is expected to mroe than double Barry Callebaut's existing business with Kraft Foods. The parties agreed not to disclose any further terms of the agreement.