FDBusiness.com

Kerry Ingredients & Flavours Acquires Cape Town-based Orley Foods

 Breaking News
  • Nestlé to Sell US Confectionery Business to Ferrero Nestlé has agreed to sell its US confectionery business to Ferrero, the third-largest company in the global chocolate confectionery market, for SFr2.8 billion ($2.8 billion) in cash. Nestlé’s 2016 US confectionery sales reached about SFr900 million. The transaction is expected to close around the end of the first quarter of 2018 following the completion of [...]...
  • Asahi Super Dry Re-launching in the UK Asahi UK, the UK subsidiary of Asahi Europe, is boosting its strong portfolio of beer brands by re-launching Asahi Super Dry in Britain in its authentic form. For the first time in Europe, full access to the exact Japanese brewing standards have been given to Asahi Europe and these innovations will bring the authentic taste [...]...
  • Natural Preservatives Extend Frying Oil Shelf Life Arjuna Naturals Extracts has launched its natural preservative formulation for combating oxidation, thermal degradation, hydrolytic rancidity and extending the frying cycle of vegetable oils. The new, all-natural preservative formulation contains a few simple ingredients and enables a clean label. It is GMO-free, oil-soluble and vegan. Initial response was so strong, Arjuna Natural Ltd. decided to [...]...
  • Alison Unveils New UK-made Bread Basket Dolly Alison Handling Services (AHS), Europe’s largest stockist of plastic containers and boxes, has introduced a new bread basket dolly designed for standard (762 x 508 x 216mm) 12-loaf stack nests. Capable of holding up to eight nests and available in grey or purple (to match Alison’s distinctive trays and baskets), the dolly has been designed [...]...
  • Irish Supermarkets Benefit From the Christmas Spirit The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 31 December 2017, reveal that shoppers spent an extra €90 million on groceries over the festive period. David Berry, director at Kantar Worldpanel, comments: “Over the Christmas period the average household spent a record €1,532 on groceries – an increase of [...]...

Kerry Ingredients & Flavours Acquires Cape Town-based Orley Foods

Kerry Ingredients & Flavours Acquires Cape Town-based Orley Foods
March 05
12:00 2013

Kerry Ingredients & Flavours has completed the acquisition of the Cape Town-based sweet ingredient solutions supplier Orley Foods for an undisclosed sum. Orley Foods is part of the Libstar Holdings Group and has a 50-year history of providing sweet ingredients for the confectionery, ice cream, beverage, cereal, dairy and bakery markets.

The Orley Foods deal comes a year after Kerry’s acquisition of FlavourCraft, also in South Africa, and complements the earlier purchase of Cargill’s global flavour business. It is the latest step in Kerry’s journey to becoming the innovation and development partner of choice for the world’s leading food and beverage brands as they start to meet fast-growing local appetites for the next generation of products in EMEA.

Scott Scharinger, President EMEA Developing Markets for Kerry Ingredients & Flavours, comments: “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. 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.”

Craig Henry of Orley Foods says: “We are very proud to become the newest member of the fast-expanding Kerry family. What’s particularly exciting for us is joining one of the world’s largest and most highly qualified teams of food scientists and product innovators, with all the benefits that this will bring to our customers old and new.”

Scott Scharinger adds: “Kerry is the only company that can provide a portfolio of technology-based ingredients and flavours for all sectors of the food, beverage and pharma markets. 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. The coming year is going to be an exciting one for Kerry.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Anfas Food Product
  • January 17, 2018Dutch Organic Trade Fair
  • January 19, 2018International Green Week
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements