Barry Callebaut AG (SWX:BARN) agreed to acquire ASM Foods AB and industrial chocolate and compound production of Carletti A/S from Carletti A/S for $36 million in cash on January 17, 2013. ASM Foods reported sales of approximately SEK 400 million ($58 million) in 2011. As part of the agreement, Barry Callebaut will sell its non-core business of frozen pastry products in Alicante, Spain, to Givesco A/S, the holding company of Carletti A/S and Asm Foods AB.

The transaction includes a specialty factory in Mjölby, focused on the production of specialty compound chocolate, fillings and inclusions. As of January 17, 2013, Barry Callebaut took control over ASM Foods AB. The deal is expected to be completed by summer of 2013.

Johan Herrström Carl-Johan Krusell and Anders Lindgren of Advokatfirman Lindahl acted as legal advisor for Carletti A/S. Søren Staehr of Gorrissen Federspiel Kierkegaard acted as legal advisor to Carletti A/S. Finn Lernoe of Plesner Svane Gronborg acted as legal advisor to Barry Callebaut AG. The currency conversion was done through www.oanda.com on December 31, 2011.