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Kerry In Talks to Acquire Cargill Flavor Systems
Posted: July 15, 2011
Kerry Group has confirmed that it is in talks to acquire the global flavor business of Cargill. The deal, if it comes to fruition, would include Cargill's flavor ingredients and flavor systems for beverage, dairy, sweet and savory applications, and development and application centers in 22 countries, including North and South America, Europe, South Africa and Asia.
Of the announcement, Kerry Group chief executive Stan McCarthy said, “Kerry is a leading global food ingredients and flavors provider and a leader in development and delivery of consumer preferred taste solutions. The acquisition of Cargill Flavor Systems would again advance Kerry’s capability to provide unrivaled innovative integrated customer solutions across all food and beverage end-use-markets and extend the group’s market spread in emerging markets."