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Kerry Group buys Cargill's flavours business

September 22, 2011
Kerry Group, the global ingredients &flavours and consumer foods group, today confirmed that it has entered into an agreement to acquire Cargill’s global flavours business. Cargill Flavor Systems with annual revenues of approximately US$200m is being acquired by Kerry for a consideration of US$230m subject to closing adjustments.

Cargill Flavor Systems has well-established 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 longstanding 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, supported by a network of sales representative offices in 12 other countries.

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

The transaction which is subject to regulatory approval is expected to be completed by year-end.

Source: Kerry Group News
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The Kerry Group is a leading global ingredient supplier to the food industry, including flavours for snacks and coating systems 
To the snack industry and for the preparation of french fries, Cargill supplies Frying Oils and a range of Ingredients, including texturizers, flavor systems and salt. Frying oil brands include Clear Valley and eLitra high oleic canola oils.
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