The Court of Appeal in Singapore has reaffirmed Nestlé’s KitKat shape trademark is invalid and ruled Petra Foods’ Delfi Take-It bar cannot therefore infringe the mark.
Barry Callebaut has returned to net profit growth in its half year results as it further integrates the cocoa ingredients business acquired from Petra Foods.
Barry Callebaut has recorded a 4.9% drop in net profit for the fiscal year 2012/13 as it integrates Petra Foods’ cocoa business and experiences capacity constraints.
Barry Callebaut has reported a slight dip in half-year profits as lower cocoa prices meant customers were paying less for the company’s range of cocoa ingredients compared to last year.
Barry Callebaut is set to acquire the cocoa ingredients division of Petra Foods in a $950 million (€730m) deal that will see the firm ‘significantly strengthen its position in cocoa processing'.
Delfi Cocoa, a division of Petra Foods, has started production at its new processing plant in Hamburg, Germany, as it positions to better serve its European customers.
