SuCrest, with production and product development facilities located in Hochheim, Germany and Vitebsk, Belarus and a SuCrest sales representative office in Moscow, is a provider of sweet ingredients to the bakery, ice cream, confectionery, cereal and snack sectors in European markets.
Combined with Kerry’s existing sweet systems & flavours portfolio, SuCrest will broaden Kerry’s technology, customer and geographic base in EMEA markets and will further advance the Group’s leadership in providing ‘integrated customer solutions’ and applications expertise to processors serving sweet technology end-use-markets.
The business being acquired reported annual revenue of €50m in the financial year ended 31 December 2010.
The transaction, which is subject to regulatory approval, is expected to be completed by year-end.
Source: Kerry Group
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