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... kerry group has confirmed it is in exclusive talks to buy the flavours arm of us food giant cargill, which “may, or may not result in the sale of the business ... ” the potential acquisition of cargill’s flavours business would see kerry increase its presence in developing markets such as asia and south america, and could help the irish ingredients group to expand its presence in the beverage market ... frank hayes, director of corporate affairs, kerry group, told foodnavigator that whilst he could not disclose any details of the discussions, he is confident that a deal can be reached ... “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,” said stan mccarthy, chief executive, kerry group ... the acquisition would boost kerry’s presence in the beverage sector whilst cargill’s broad geographic base – with considerable presence in developing markets including india, parts of asia and south america – could offer kerry increased global reach and growth potential in new and emerging markets
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... a review process is under way at kerry's oakhampton sitekerry group has started a consultation process with staff at a food ingredients site in the uk over plans to potentially close the facility ... a spokesperson for kerry group told just-food today (30 june) that the decision to potentially close the site, which makes fruit used in confectionery and branded cereals, is based on the firm's growth plans ... " if closed, the site's production would move to the kerry ingredients factory in tenbury wells, shropshire ... kerry group has insisted that employees at okehamptoon will have the opportunity to transfer to the shropshire site ... " yesterday, kerry group lifted its target for volume growth from 2013 as the company set out its forecasts for its next five-year cycle
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... ireland’s kerry group has lifted its target for volume growth from 2013 as the company set out its forecasts for its next five-year cycle ... “we expect to achieve like-for-like volume growth of 3% to 5% per annum on a group-wide basis, with our ingredients and flavours businesses targeting 4% to 6% lfl growth (10% in emerging markets) and kerry foods, the group’s consumer foods business, targeting 2% to 3% lfl growth,” chief executive stan mccarthy said ... a spokesman for kerry confirmed that the volume targets for both divisions had been raised ... kerry has maintained its current target for adjusted earnings per share to grow at 10% a year
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... the new study, published in appetite, tested the satiety boosting effects of two blends of gum arabic (emulgold and previtae, produced by kerry ingredients and flavours) in healthy, non-obese, humans using both energy intake measurements and visual analogue scale (vas) scores ... the authors, including researchers from leatherhead food international, and kerry group, added that a dose as low as five grams of emulgold was able to reduce caloric intake three hours after consumption, without causing compensation at a subsequent meal, making it “a potentially important ingredient to support body weight management programs
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... the new study, published in appetite, tested the satiety boosting effects of two blends of gum arabic (emulgold and previtae, produced by kerry ingredients and flavours) in healthy, non-obese, humans using both energy intake measurements and visual analogue scale (vas) scores ... the authors, including researchers from leatherhead food international, and kerry group, added that a dose as low as five grams of emulgold was able to reduce caloric intake three hours after consumption, without causing compensation at a subsequent meal, making it “a potentially important ingredient to support body weight management programs
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... comment: dean foods sees "stabilisation" but question marks remain shares in dean foods rallied yesterday (16 february) after the us dairy group posted expectation-beating earnings and insisted that its prospects would pick up in the back half of 2011 ... however, katy humphries suggests, a number of challenges could hamper the group's performance over the next 12 months ... uk: 2 sisters food group plans gbp30m factory uk food manufacturer 2 sisters food group plans to invest gbp30m (us$48m) in opening a factory in thetford, norfolk ... comment: premier progresses but still has work to do after a challenging 12 to 18 months, premier foods plc's management would have been heartened to have seen the uk food group's shares jump after the publication of its 2010 results but, writes dean best, some significant tests remain ... uk: kerry group to close flint ready-meals factory irish food company kerry group is to close a frozen ready-meals site in the welsh town of flint, with the possible loss of over 300 jobs ... , kerry group
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... kerry group has sold off its liquid milk business, dawn dairies, to rival irish dairy company glanbia ... under the terms of the deal, kerry will maintain ownership of the dawn dairies manufacturing plant in limerick and will continue to provide milk from its own farmers for the brand for at least the next six years
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... the group today confirmed that it had received valid acceptances representing 82 ... with an annual manufacturing capacity in excess of 35,000 tonnes newmarket is a major supplier of cheese to kerry group's branded cheese business
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