Cargill approached by U.K.-based global ingredients, flavors group Kerry to sell its global flavors business; companies now in exclusive talks, which may or may not result in the sale of the business
July 15, 2011
– Cargill can confirm it has been approached by Kerry, the global ingredients & flavours and consumer foods group, who have expressed interest in acquiring Cargill’s global flavours business.
Cargill and Kerry are now in exclusive discussions which may, or may not result in the sale of the business.
Cargill’s flavours business spans 22 countries, with production facilities in Europe, North America and Asia. The company employs around 700 people and works with customers globally to provide flavour ingredients and flavours for the beverage, dairy, sweet and savoury categories across a wide range of applications.
Kerry Group is a leading global food ingredients and flavors provider and a leading consumer foods processor in the UK and Irish markets. Through its manufacturing, technical and customer service facilities spread throughout 23 countries across EMEA, American and Asia-Pacific markets, Kerry partners with customers globally to provide ingredients and flavours solutions across all food and beverage end-use markets.
Both companies are now engaging in the full consultation process with employee representative bodies in the relevant countries, a process which should take in the region of four to six weeks.
Further information will be announced in due course.
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 131,000 people in 66 countries.Cargill helps customers succeed through collaboration and innovation, and is committed to sharing its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business.