Hershey and Barry Callebaut extend strategic sourcing agreement
Zurich, Switzerland – The Hershey Company (NYSE: HSY), a leading snack company known for bringing good to the world through its iconic brands, and Barry Callebaut, the world’s leading manufacturer of premium chocolate and cocoa products. quality, announced the extension of their strategic sourcing partnership initially signed in 2007. As part of the extension agreement, Barry Callebaut will continue to supply Hershey’s North American business with liquid chocolate and finished products. The renewed agreement will allow the two companies to continue driving long-term strategic growth in North America.
Tricia Brannigan, Vice President of Purchasing, The Hershey Company, said: “We are delighted to expand our strategic relationship with Barry Callebaut, who has been a key partner of our business for many years, and we look forward to their support. to our sustainable and continued growth. in high quality chocolate products.
Steve Woolley, President and CEO Americas of Barry Callebaut, said: “The extension of the long-term sourcing partnership with Hershey underscores how Barry Callebaut’s reliability and chocolate expertise makes it. the partner of choice for the main players in the industry.
Barry Callebaut supplies products to Hershey in the United States, Canada and Mexico.
With annual sales of around CHF 6.9 billion (6.4 billion EUR / 7.1 billion USD) in the 2019/20 financial year, the Zurich group Barry Callebaut is the world’s leading manufacturer of products made from high quality chocolate and cocoa – from sourcing and processing cocoa beans to producing the finest chocolates including fillings, decorations and chocolate compounds. The Group operates more than 60 production facilities around the world and employs a diverse and dedicated global workforce of more than 12,000 people.
The Barry Callebaut Group serves the entire food industry, from food manufacturers to artisanal and professional users of chocolate, such as chocolate makers, pastry chefs, bakers, hotels, restaurants and caterers. Global brands meeting the specific needs of these Gourmet customers are Callebaut® aD Cocoa Barry®, Carmelitea® aand the decoration specialistt Mona Lisa®.
The Barry Callebaut Group is committed to making sustainable chocolate the norm by 2025 in order to secure the future supply of cocoa and improve the livelihoods of farmers. It supports the Cacao Horizons Foundation in his goal
to shape a sustainable future of cocoa and chocolate