Cargill Inc. on Dec. 1 sold its global flavors business to Ireland’s Kerry Group for $230 million. The unit had sales of approximately $200 million and employs 700 people in application centers in the U.S., France, the UK, South Africa, India, Malaysia, China, Puerto Rico, Mexico and Brazil, plus sales offices in 12 other countries.
The companies had announced in July 2011 they were holding exclusive discussions, and a definitive sales agreement was signed on Sept. 22. Having obtained clearance from competition authorities, Cargill and Kerry have now concluded the transaction.
The unit provides flavors and ingredients for beverage, dairy, sweet and savory categories.
Navigating the logistics industry is challenging. Find out how a dedicated transportation solution can solve some of the most common shipping challenges.
A leading bottled water company needed a carrier to transport water from 29 plants to retailers. The challenge? Handling over 46,000 pounds. Read the study.
Learn how a large bakery company complimented their private fleet with Schneider Dedicated freight services to increase freight capacity, amplify visibility & reduce costs.
