Kerry gets go-ahead on buy out of Cargill flavours business

Related tags Kefir Food and drink Milk Cargill

Kerry Group's acquisition of Cargill's flavours business has been cleared by the Irish Competition Authority.

Kerry Group will be allowed acquire sole control of the Cargill division, with the exception of that part of the business which manufactures fruit juice compounds.

Analysts told this publicaiton that the acquisition, which was confirmed in September this year, makes sense as it creates “synergies”​ in terms of both firms dairy and drinks flavour competencies, and allows Kerry to meet its objective of becoming a “one-stop-shop”​ for food and drink manufacturers.

The Cargill business is particularly strong in the beverages and dairy flavours sectors, the latter of which includes products geared towards sectors such as cheese, ice cream and yoghurt.

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