The well-known international ingredients & flavors and consumer foods group, Kerry group, confirmed it has finished the purchase of global flavor business of Cargill.
The yearly revenues of Cargill Flavor Systems amounts approximately to around US$200m and were purchased for a whole consideration of US $230m. The ability of Kerry gets strengthened with this acquisition to offer incorporated customer resolution across every beverage and food end use marketplace.
A work force of 700 people are placed on roll all through the incorporated flavor development and at is application hubs in countries like South Africa, France, UK, Malaysia, India, USA, China, Mexico ,Puerto Rico, Brazil and Mexico, which is supported by a sales representative network offices in 12 other nations.
On December 1, 2011, the acquisition was accomplished.