Ireland-based food giant Kerry Group has added another business to its ingredients operations with the acquisition of German firm SuCrest.
Kerry said today (12 September) that the deal, struck for an undisclosed sum, would “significantly” expand its sweet ingredients and flavours business in the EMEA region. It said SuCrest was a “leading provider” of ingredients to sectors including the bakery, ice cream and confectionery industries.
SunCrest, based in the German town Hochheim in the south of the country, generated sales of EUR50m (US$67.9m) in 2010. It has a production facility in Hochheim and in Belarus. SuCrest also has a sales office in Moscow.
The company is Kerry’s latest ingredients acquisition. In June, Kerry acquired Argentina-based firm General Cereals. During the first half of the year, Kerry has also snapped up Indian company EBI Cremica.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData