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Swiss Chocolate Maker Completes Buyout Of African Cocoa Bean Supplier

February 19, 2014: 12:00 AM EST
Swiss chocolate maker Barry Callebaut has bought the remaining 51 percent of its stake in long-time certified cocoa beans suppler Biolands Group of Dar es Salaam, Tanzania. Biolands has been supplying East and West African cocoa beans to the chocolate maker since 2000. Barry Callebaut has owned 49 percent of the company since 2008. The company said the Biolands acquisition fits well with its strategy of becoming a leader in sustainable cocoa and of gaining access to individual farmers in addition to cooperatives.
"Barry Callebaut takes over remaining 51% of certified bean supplier Biolands", Barry-Callebaut, February 19, 2014, © Barry Callebaut AG
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