|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Barry Callebaut Ratings Unchanged by Brach Acquisition Sep 03
Standard & Poors, Sep 2003
Abstract
LONDON (Standard & Poor's) Sept. 2, 2003--Standard & Poor's Ratings Services said today that its ratings and outlook on Switzerland-based cocoa and chocolate products manufacturer Barry Callebaut AG (BB+/Stable/--) remain unchanged following the group's acquisition of U.S. confectionary manufacturer Brach's Confections Holding Inc. 'The Brach acquisition will incrementally strengthen Barry Callebaut's finished products business, while the financial implications of this transaction on the group are limited,' said Standard & Poor's credit analyst Hugues de la Presle. Brach will increase Barry Callebaut's finished product sales by 45% to represent one-third of the group's consolidated pro forma sales. The transaction will also give the group a foothold in the large U.S. market. From a financial standpoint, Barry Callebaut is only making a...
Companies mentioned in this report are: Barry Callebaut AG
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
