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Kerry Acquires SuCrest
Posted: September 12, 2011
Kerry has entered into an agreement to acquire SuCrest GmbH, a Germany-based ingredient manufacturer focused on bakery, ice cream, confectionary, cereal and snack products. SuCrest, which also has product development and production facilities in Belarus and a sales office in Moscow, primarily serves the European market, and this acquisition helps Kerry significantly expand its sweet ingredient and flavor business in the EMEA region.
SuCrest reported annual revenue of €50 million in the financial year ended December 31, 2010, and the transaction, of which terms were not released, is subject to regulatory approval and is expected to be completed by the end of the year.