Cargill Confirms Approach for Flavours Business From Kerry GroupBy Cargill, PRNE
Thursday, July 14, 2011
AMSTERDAM, 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
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
Kerry Group is a leading global food ingredients and flavours
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.
Notes for editors:
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.
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