Kerry Group, the global ingredients and flavours and consumer foods group, confirmed that the Group is in discussion with Cargill which may 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.
The potential acquisition of Cargill's flavours business would see Kerry increase its presence in developing markets such as Asia and South America, and could help the Irish ingredients group to expand its presence in the beverage market.
Source: Kerry Group