Kerry Buys Cargill Flavor System for $230 MillionKerry Buys Cargill Flavor System for $230 Million
September 23, 2011
KERRY, IrelandKerry Group, the global ingredients, flavors and consumer foods group, announced it will acquire Cargill Flavor Systems for $230 million pending regulatory approval. The transaction is expected to be completed by year-end and will strengthen Kerrys capability to provide integrated customer solutions across all food and beverage end-use-markets and extend the groups market spread in emerging markets.
Cargill Flavor Systems has well-established international flavor technology development expertise serving a global customer base through provision of flavor ingredients and flavor systems for beverage, dairy, sweet and savory applications. The business has long-standing relationships with leading global food and beverage manufacturers and employs 700 people through its integrated flavor development and application centers in France, the Untied Kingdom, South Africa, India, Malaysia, China, the United States, Puerto-Rico, Mexico and Brazil, supported by a network of sales representative offices in 12 other countries.
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