Kerry Group announces expansion of its sweet ingredients & flavours business in the EMEA region
Posted: 12 September 2011 | Kerry Group | No comments yet
Kerry, has entered into an agreement to acquire SuCrest GmbH…
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 €50 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.