Barry Callebaut to become long-term supplier of Grupo Bimbo

Barry Callebaut AG and Grupo Bimbo SAB de CV, one of the largest food companies in Latin America, announced today the signing of a new long-term supply agreement for Bimbo's operations in Mexico. Under the terms of the agreement, Barry Callebaut will supply the plants of Grupo Bimbo with up to 32,000 tonnes of chocolate products annually for its domestic market, through the company's Mexican factories in Toluca and Monterrey.

The projected volumes will start immediately. As a result of the agreement, Barry Callebaut will invest approximately CHF 15 m (€ 12 m). In Mexico, as well as in many other countries in the Americas, Grupo Bimbo is the leader in the baking industry. The parties agreed not to disclose any further terms of the agreement.

www.grupobimbo.com