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KYGA Kerry Group Plc

90.80
0.80 (0.89%)
08 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kerry Group Plc LSE:KYGA London Ordinary Share IE0004906560 'A'ORD EUR0.125 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 0.89% 90.80 88.20 95.20 91.10 91.00 91.10 15,105 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Food Preparations, Nec 8.02B 728.3M 4.1150 22.07 15.93B

Kerry in talks to acquire Cargill Flavor Systems (5014K)

15/07/2011 1:59pm

UK Regulatory


Kerry (LSE:KYGA)
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TIDMKYGA

RNS Number : 5014K

Kerry Group PLC

15 July 2011

news release

15 July 2011

Kerry Group in exclusive discussions to acquire Cargill's global flavours business

15 July 2011 - Kerry Group, the global ingredients & flavours and consumer foods group, today confirmed that the Group is in exclusive discussion with Cargill which may, or may not result in the Group's acquisition of Cargill's global flavours business.

Cargill Flavor Systems has well established international flavour technology development expertise serving a global customer base through provision of flavour ingredients and flavour systems for beverage, dairy, sweet and savoury applications. Through its network of modern integrated flavour development and application centres spanning 22 countries in North and South America, Europe, South Africa and Asia, Cargill Flavor Systems has long-standing relationships with leading global food and beverage manufacturers.

Commenting on the discussions to acquire Cargill's global flavour business, Kerry Group Chief Executive Stan McCarthy said "Kerry is a leading global food ingredients and flavours provider and a leader in development and delivery of consumer preferred taste solutions. The acquisition of Cargill Flavor Systems 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".

-ENDS-

 
 Contacts: 
 
 
 Media                                       Investor Relations Brian Mehigan, 
  Frank Hayes, Director of Corporate         Chief Financial Officer Michael 
  Affairs                                    Ryan, Head of Investor Relations 
  Tel: +353 66 7182304                       Tel: +353 66 718 2253 Email: 
  Email: corpaffairs@kerry.ie                investorrelations@kerry.ie 
  Kerry Web Site: www.kerrygroup.com 
====================================  ======================================== 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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