Carbery results boosted by ingredients division

Carbery Group increased revenues by 14.5 per cent last year, reflecting an underlying strong performance from the ingredients division, says the firm.
The division includes flavour business Synergy, as well as the company’s dairy ingredients portfolio.

“Synergy continues to grow in existing markets and establish itself in new ones with the acquisition of two new flavour businesses in the US,” says Carbery CEO Dan MacSweeney. “Sensus, which specialises in the extraction of natural aromas from compounds such as tea, coffee and fruits, was purchased in the last quarter of 2011 and will enhance the range of taste and aroma ingredients that Synergy brings to its customers.
“Sethness Greenleaf was also acquired during the final quarter of 2011. This business focuses on the production of flavours for the beverage sector and has particular expertise in emulsion technology.

“These are two really important acquisitions for our business as they add scale to the business and bring us new technologies, products and differentiators.”

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