Cargill Sells Flavors Business to Kerry

Dec. 6, 2011
Sold for $230 million.

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.

Sponsored Recommendations

F&B Manufacturer Implements Powerful Cybersecurity

A leading F&B manufacturer has moved to harness the skills of Rockwell Automation and Claroty to harden their OT and IT defences.

6 Ways to Augment Your Food and Beverage Workforce

Modern digital tools and technologies help attract, retain and empower a modern workforce.

2024 Manufacturing Trends - Unpacking AI, Workforce, and Cybersecurity

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

Better OT Asset Management Increases Uptime

A food and beverage company streamlines and simplifies its OT cybersecurity to increase system reliability and uptime.