Kerry to spend €500m this year
The deal is Kerry Group’s third significant acquisition this year and a number of other bolt-on deals are expected between now and January. These should result in the company’s global workforce exceeding 24,000 people for the first time.
Yesterday, Kerry Group confirmed that it has entered into an agreement to acquire Cargill’s global flavours business. Cargill Flavor Systems, with annual revenues of approximately $200m, was bought for $230m, subject to closing adjustments.
