Kerry Group has confirmed that it has entered into an agreement to acquire Cargill’s global flavours business for $230 million.
Cargill Flavor Systems is a flavour technology company employing 700 people in France, the UK, South Africa, India, Malaysia, China, the USA, Puerto-Rico, Mexico and Brazil. It has annual revenues of approximately US$200m.
The acquisition will strengthen Kerry’s capability to provide integrated customer solutions across all food and beverage end-use-markets and extend the Group’s...
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