Kerry Group to Expand its Sweet Ingredients and Flavours Business
Kerry, the global ingredients, flavours and consumer foods group, is acquiring SuCrest to significantly expanding its sweet ingredients and flavours business in the EMEA (Europe, Middle East and Africa) 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 and 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 Eur50 million in the financial year ended 31st December 2010. The transaction which is subject to regulatory approval is expected to be completed by year-end.
