The transaction is subject to closing conditions and regulatory approval by the competition authorities. However, the two companies did not disclose any financial details.
Burton’s Biscuit noted all employees currently engaged in the manufacture of chocolate at the Moreton facility would transfer to Barry Callebaut upon completion of the transaction.
Additionally, Barry Callebaut also signed an agreement with the biscuits maker for the long-term supply of over 12,000 metric tons of chocolate and compound per year.
“We are delighted to strengthen the collaboration with our longstanding customer Burton’s and to further support a great British brand,” said Antoine de Saint-Affrique, CEO of Barry Callebaut.
“This transaction is an excellent example of the power of long-term partnerships and outsourcing.”
He noted the deal also reflects that the UK is an “important growth area” for the business, and is one of Europe’s largest chocolate confectionery markets in volume terms.
Nick Field, CEO of Burton’s Foods, said Barry Callebaut shares the same “passion and motivation for baking the best quality products” with his company.
“This new partnership, with their larger network and enhanced capabilities, directly supports our intent and commitment to maintain and enhance our industry-leading chocolate biscuit offering,” he added.