Barry Callebaut to acquire the Australian unit of GKC Foods.

The Barry Callebaut Group, a manufacturer of high-quality chocolate and cocoa products, agreed to acquire the Australian unit of GKC Foods, a producer of chocolate, coatings and fillings, serving many consumer chocolate brands in Australia and New Zealand. Financial terms were not disclosed. The transaction is subject to regulatory approval and other closing conditions. Expected completion is before the end of this calendar year. "I am very proud of the great chocolate business we have built from scratch over the past 35 years. Our agreement with Barry Callebaut will ensure the successful future of GKC Foods and our team as part of a large, international, group. We really appreciate the business principles and the team spirit on which Barry Callebaut is based," John Borell, GKC Foods Managing Director.