Last checked at 2 Dec 2011 09:51
news release
2 December 2011
Kerry Group completes acquisition of Cargill Flavor Systems
2 December 2011 - Kerry, the global ingredients & flavours and consumer foods group, today confirmed that it has completed the acquisition of Cargill's global flavours business.
Cargill Flavor Systems with annual revenues of approximately US$200m was acquired for a total consideration of US$230m. The acquisition strengthens Kerry's capability to provide integrated customer solutions across all food and beverage end-use-markets.
Cargill Flavor Systems employs 700 people throughout its integrated flavour development and application centres in France, the UK, South Africa, India, Malaysia, China, the USA, Puerto Rico, Mexico and Brazil, supported by a network of sales representative offices in 12 other countries.
The acquisition was completed on 1 December 2011.
-ENDS-
Contacts: |
Media Frank Hayes, Director of Corporate Affairs Tel: +353 66 7182304 Email: corpaffairs@kerry.ie Kerry Web Site: www.kerrygroup.com | Investor Relations Brian Mehigan, Chief Financial Officer Michael Ryan, Head of Investor Relations Tel: +353 66 718 2253 Email: investorrelations@kerry.ie |