Kerry Group acquires SuCrest GmbH (0439O)
September 12 2011 - 5:05AM
UK Regulatory
TIDMKYGA
RNS Number : 0439O
Kerry Group PLC
12 September 2011
news release
12 September 2011
Kerry Group announces expansion of its sweet ingredients &
flavours business in the EMEA region
Kerry, the global ingredients & flavours and consumer foods
group, today announced that it has entered into an agreement to
acquire SuCrest GmbH ("SuCrest"), significantly expanding the
Group's sweet ingredients & flavours business in the EMEA
region.
SuCrest, with production and product development facilities
located in Hochheim, Germany and Vitebsk, Belarus and a SuCrest
sales representative office in Moscow, is a leading provider of
sweet ingredients to the bakery, ice-cream, confectionery, cereal
and snack sectors in European markets.
Combined with Kerry's existing sweet systems & flavours
portfolio, SuCrest will broaden Kerry's technology, customer and
geographic base in EMEA markets and will further advance the
Group's leadership in providing 'integrated customer solutions' and
applications expertise to processors serving sweet technology
end-use-markets.
The business being acquired reported annual revenue of EUR50
million in the financial year ended 31 December 2010. The
transaction which is subject to regulatory approval is expected to
be completed by year-end.
-ENDS-
Notes for editors:
Kerry Group is the global leader in food ingredients &
flavours serving the food and beverage industries and a leading
consumer foods processing and marketing organisation in selected EU
markets. Serving a wide customer base in 140 countries, Kerry
employs some 23,000 people across the Group's manufacturing and
product development facilities in 23 countries and its network of
international representative offices. Kerry Ingredients &
Flavours develops, manufactures and delivers technology-based
ingredients, flavours and integrated solutions for food, beverage
and pharmaceutical markets.
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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