Kerry buys four more flavour groups
Very significantly, the acquired businesses include an international fragrance manufacturer for the first time. The company said they have cleared their heads on this area and will buy more fragrance companies to complement its global Mastertaste flavours division within which it will become a business unit. In early March, Kerry spent $440 to acquire Quest Food Ingredients from the ICI Group, which has now been established as a new Kerry Bio-Science division, alongside Kerry Ingredients, Kerry Foods, Kerry Agribusiness and Mastertaste.
Later that month the company spent another $96m on Oregon Chai Inc based in Portland, Oregon and Extreme Foods, based in Las Vegas, Nevada. The total spend to date this year is €623m.
