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July 3 (Bloomberg) -- Barry Callebaut AG, the largest maker of bulk chocolate, said nine-month sales rose 22 percent, boosted by the acquisition of Petra Foods Ltd.’s cocoa unit.
Revenue advanced to 4.32 billion Swiss francs ($4.9 billion) in the period through May, the Zurich-based company said in a statement today. Excluding Petra, sales rose 6.8 percent to 3.78 billion francs.
The company makes more chocolate than any branded producer, supplying clients such as Unilever and Hershey Co. Barry Callebaut agreed in December 2012 to buy the cocoa-ingredients unit of Singapore-based Petra Foods, making the company the world’s largest cocoa processor.
“While the cocoa powder market remains challenging, we are very satisfied with the integration of the acquired cocoa business,” said Chief Executive Officer Juergen Steinemann in the statement.
Volume increased 16 percent, and 2.4 percent excluding the Petra business.
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