Cargill signs agreement to sell flavors business to U.K.-based ingredients, flavors group Kerry; transaction expected to be completed by end of 2011
September 22, 2011
– Mid July, Cargill announced the intention to sell its global flavors business to Kerry, the ingredients & flavors and consumer foods group. Both parties entered into exclusive negotiations which have now culminated in the signing of a definitive sales agreement.
The transaction, which is subject to regulatory approval, is expected to be completed by the end of 2011.
Cargill’s flavors business spans 22 countries and has production facilities in Europe, North America and Asia. It employs around 700 people and works with customers globally to provide flavor ingredients and flavors for the beverage, dairy, sweet and savoury categories across a wide range of applications.