Kerry continues sub-Saharan expansion with South African acquisition

- Last updated on GMT

Related tags: Africa, Flavor

Kerry says South Africa is a springboard to other parts of sub-Saharan Africa
Kerry says South Africa is a springboard to other parts of sub-Saharan Africa
Kerry Ingredients & Flavours has acquired South African sweet ingredients firm Orley Foods for an undisclosed sum, in a deal it hopes will expand Kerry’s presence in sub-Saharan Africa.

Cape Town-based Orley Foods is part of the Libstar Holdings Group, which has been supplying ingredients for confectionery, ice cream, drinks, cereals, dairy and bakery products for the past 50 years. Orley Foods’ portfolio includes chocolate products, syrups, fruit flavoured pastes and cubes, non-dairy whips, ice cream coatings and panned chocolate and sugar-based products.

 “Although South Africa is an important market for us in its own right, it is also the springboard for our expansion into other important and growing sub-Saharan countries such as Nigeria and Kenya,”​ said Scott Scharinger, president EMEA developing markets for Kerry Ingredients & Flavours.

“This is a key part of our strategy to work alongside our global customer base, finding ways to deliver our unique range of ingredient and flavour technologies and food science know-how in the territories where they are being consumed.”

The Orley Foods acquisition comes a year after Kerry acquired another South African firm, FlavourCraft, and the company said the deal was part of its strategy to support innovation and product development in emerging markets in the EMEA region (Europe, the Middle East and Africa).

Scharinger added: “We have the scale for global execution but, as this acquisition underlines, we can also tailor for regional tastes, aligning our ingredients and flavours offering with customer needs in developed and developing markets.

“Over the months ahead, we will continue consolidating the elements of our South African footprint under our One Kerry model, which will better enable us to deliver value to our customers in the region.”

Related news

Related products

show more

Open a window to your cocoa

Open a window to your cocoa

Cargill Cocoa & Chocolate | 20-Oct-2021 | Technical / White Paper

Transparency builds consumer trust. In parallel, emerging EU and country-specific legislations, multi-stakeholder platforms for sustainable cocoa and NGOs’...

How to Enter UK’s £690M CBD Market

How to Enter UK’s £690M CBD Market

The Association for the Cannabinoid Industry | 18-Jun-2021 | Technical / White Paper

The UK has the world’s most developed regulatory framework for legal cannabinoids, such as CBD and CBG. With a 2021 market estimated to be worth £690 million...

Related suppliers

Follow us

Products

View more

Webinars