Kerry in talks to acquire Cargill Flavor Systems

RNS Number : 5014K

Kerry Group PLC

15 July 2011

 



news release

15 July 2011

 

Kerry Group in exclusive discussions to acquire Cargill's global flavours business

15 July 2011 - Kerry Group, the global ingredients & flavours and consumer foods group, today confirmed that the Group is in exclusive discussion with Cargill which may, or may not result in the Group's acquisition of Cargill's global flavours business.

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. Through its network of modern integrated flavour development and application centres spanning 22 countries in North and South America, Europe, South Africa and Asia, Cargill Flavor Systems has long-standing relationships with leading global food and beverage manufacturers.

Commenting on the discussions to acquire Cargill's global flavour business, Kerry Group Chief Executive Stan McCarthy said "Kerry is a leading global food ingredients and flavours provider and a leader in development and delivery of consumer preferred taste solutions. The acquisition of Cargill Flavor Systems would again advance Kerry's capability to provide unrivalled innovative integrated customer solutions across all food and beverage end-use-markets and extend the Group's market spread in emerging markets".

-ENDS-

Contacts:

Media Frank Hayes, Director of Corporate Affairs Tel:  [phone] Email: [e-mail] Kerry Web Site:  www.kerrygroup.com

Investor Relations Brian Mehigan, Chief Financial Officer Michael Ryan, Head of Investor Relations Tel: [phone]       Email: [e-mail]

 

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