Cargill completes sale of its global flavours business to Kerry Group
Amsterdam – 1 December 2011 – Cargill can confirm that it has completed the sale of its global flavours business to Kerry, the ingredients & flavours and consumer foods group. The companies had announced in July 2011 that they were holding exclusive discussions and a definitive sales agreement was signed on September 22nd. Having obtained clearance from competition authorities, Cargill and Kerry have now concluded the transaction.
This deal includes flavours business activities in 22 countries and production facilities in three continents. The sale involves the transfer of around 700 employees to Kerry Group.
|Corinne Holtshausen, +44 1932 8611 74, email@example.com|
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Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 138,000 people in 63 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to sharing its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business.
For more information, visit http://www.cargill.com.