Kerry Group in talks over Cargill purchase

KERRY Group has entered exclusive talks with US-based agri-food group Cargill over buying its global flavours business.

Announcing that negotiations had begun, Kerry’s chief executive Stan McCarthy said that the deal would enhance the Tralee-headquartered group’s status as a world leader in the areas of food ingredients and flavours provision.

“The acquisition… would again advance Kerry’s capability to provide unrivalled innovative integrated customer solutions across all food and beverage end-use markets and extend the group’s market spread in emerging markets,” he said.