Kerry confirms acquisition of Cargill’s global flavours business

Kerry Group, the global ingredients, flavours and consumer foods group, has confirmed that it has entered into an agreement to acquire Cargill’s global flavours business in a £149 million ($170m) deal.

Cargill Flavor Systems has international flavour technology development expertise serving a global customer base through provision of flavour ingredients and flavour systems for beverage, dairy, sweet and savoury applications.

The business has long-standing relationships with leading global food and beverage manufacturers and employs 700 people through its integrated flavour development and application centres in France, the UK, South Africa, India, Malaysia, China, the USA, Puerto-Rico, Mexico and Brazil.

Kerry says the acquisition of Cargill Flavor Systems will strengthen its capability to provide ‘integrated customer solutions across all food and beverage end-use-markets and extend the firms market spread in emerging markets’.

The transaction, which is subject to regulatory approval, is expected to be completed by the end of the year.