Kerry in talks to acquire Cargill Flavor Systems (5014K)
July 15 2011 - 8:59AM
UK Regulatory
TIDMKYGA
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 Investor Relations Brian Mehigan,
Frank Hayes, Director of Corporate Chief Financial Officer Michael
Affairs Ryan, Head of Investor Relations
Tel: +353 66 7182304 Tel: +353 66 718 2253 Email:
Email: corpaffairs@kerry.ie investorrelations@kerry.ie
Kerry Web Site: www.kerrygroup.com
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