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Barry Callebaut to become strategic Unilever partner

Barry Callebaut and Unilever sign long-term partnership agreement.

London/Rotterdam/Zurich, 23rd January 2012 – Barry Callebaut AG, the world’s leading manufacturer of high-quality cocoa and chocolate products and Unilever, one of the world’s foremost consumer goods companies and global market leader in ice cream, announced today 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. This will be achieved under a wide-ranging joint business development plan involving close co-operation across the areas of innovation, sustainable sourcing, capacity expansion and value improvement.

Kevin Havelock, President of Unilever’s Refreshment Category, said: “Our Ice Cream category has a significant role to play in Unilever’s sustainable growth model to deliver our ambition of doubling the size of our business whilst reducing our environmental impact. Our leadership position has been built on great taste, innovation and increasingly sustainable ingredients. We need partners like Barry Callebaut to help us extend this position and achieve our overall aim.”

As a result of the agreement, Barry Callebaut will invest approximately CHF 22 million (EUR 18 million / USD 24 million) in its worldwide factory network in order to prepare the capacity required to fulfill the long-term partnership agreement. The additional volumes have a ramp-up period of 12 months, starting immediately.

Juergen Steinemann, CEO of Barry Callebaut, said: “We are honored that we can announce this long-term partnership with Unilever today and be part of their “Partner to Win” strategy. This agreement is based on a successful long-standing collaboration between our two companies. Once again, it confirms that by living our four strategic pillars we can accomplish and deliver on the requirements of our customers.”

Barry Callebaut has already been an active partner in developing one of Unilever’s most successful ice cream brands, Magnum®, including supporting the launch of this iconic brand across various regions in the last year.

Barry Callebaut has also been working closely with Unilever to meet its sustainable cocoa sourcing commitments.

The parties agreed not to disclose any further terms of the agreement.

-ENDS-

Barry Callebaut (www.barry-callebaut.com)

With annual sales of about CHF 4.6 billion (EUR 3.6 billion/USD 5.0 billion) for fiscal year 2010/11, Zurich-based Barry Callebaut is the world’s leading manufacturer of high-quality cocoa and chocolate – from the cocoa bean to the finished chocolate product. Barry Callebaut is present in 27 countries, operates around 40 production facilities and employs a diverse and dedicated workforce of about 6,000 people. Barry Callebaut serves the entire food industry focusing on industrial food manufacturers, artisans and professional users of chocolate (such as chocolatiers, pastry chefs or bakers), the latter with its two global brands Callebaut® and Cacao Barry®.

Barry Callebaut is the global leader in cocoa and chocolate innovations and provides a comprehensive range of services in the fields of product development, processing, training and marketing. Cost leadership is another important reason why global as well as local food manufacturers work together with Barry Callebaut. Through its broad range of sustainability initiatives and research activities, the company works with farmers, farmer organizations and other partners to help ensure future supplies of cocoa and improve farmer livelihoods.

Media contacts

Evelyn Nassar
Head of Investor Relations
Barry Callebaut AG
+41 43 204 04 23
evelyn_nassar@barry-callebaut.com

Raphael Wermuth
External Communications Manager
Barry Callebaut AG
+41 43 204 04 58
raphael_wermuth@barry-callebaut.com

Trevor Gorin

+ 44 207 822 6010
trevor.gorin@unilever.com

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