Switzerland-based Barry Callebaut has signed an agreement to acquire 100% of the privately owned
Spanish nut manufacturer La Morella Nuts S.A.
11 January 2012 - Swiss chocolate maker Barry Callebaut (SWF:BARN) said today it would take over
Spanish nut specialist La Morella Nuts SA, in line with strategy to boost the adjacent offering of its gourmet and food manufacturers products business in Europe.
Positioned as a value party snack, Mitica
Spanish Nut Cocktail is a mix of vegetables and nuts sold in a 1.65-pound pack.
State aid to
Spanish nut producers worth a total of Euro 67.6 million has been approved by the Management Committee for Direct Payments on December 9.
The result is that
Spanish nut producers will not receive any support from the Common Agricultural Policy (CAP) this year because Regulation 789/89/EC has lapsed, and the reformed regime only begins in 2005.