date:Jul 05, 2013
ore profitability to the pre-acquisition level.
Much depends on how Barry Callebaut will integrate the Petra Foods unit, ZKB's Buerki said. They paid a lot and profitability of this business is lower.
Petra Foods' cocoa unit generated a loss of $28.9 million in the first quarter of 2013 on sales of $224.7 million.
Cocoa processors have been hit by weak prices for cocoa products, such as cocoa powder, which have fallen even more than prices for cocoa beans, squeezing processors' margins. Price