Kerry Ingredients & Flavours South Africa acquisition signals commitment to expansion across the continent

FlavourCraft deal ‘perfect fit’ for Kerry

Kerry Ingredients & Flavours today confirmed that it has completed the acquisition of South African flavours company FlavourCraft for an undisclosed sum. FlavourCraft specialises in the design and
manufacture of flavours for meats, soups, sauces, dressings and savoury snacks in South Africa, Nigeria, Ghana and other key markets in west Africa.

The deal for Durban-based FlavourCraft sees Kerry expand its presence not just in South Africa, serving food manufacturers in the country, but across the continent.

Commenting on the deal Ryan Ponquett Managing Director of FlavourCraft said: “FlavourCraft and Kerry ingredients & Flavours are a perfect fit, with the same views around creating market-leading flavour
ingredients. By teaming up with a like-minded global player our customers in Nigeria, Ghana, South Africa and across the continent will gain access to Kerry’s huge taste, ingredients and applications knowledge. This will enable them to bring customer-preferred products to market faster and at better value.”

Kerry’s Africa Zone Director Bart van Schie said: “This acquisition represents a clear illustration of Kerry’s commitment to developing our business across Africa. FlavourCraft’s product portfolio, knowledge and customer base in South Africa, Nigeria and across west Africa will be an asset to us and assist our expansion plans across the continent.”

The FlavourCraft deal also provides Kerry with a major manufacturing facility in Africa, a 4000 square metre factory outside Durban, and brings with it a first class customer and application centre,
providing local research and development capability, which will enable Kerry to expand its capability in developing and producing ingredients to meet local market needs.

This latest acquisition complements another recently made by Kerry in the region – that of Cargill’s flavour business in South Africa. Taken together these acquisitions, backed by Kerry’s market leading technologies and R&D capabilities, create a powerful flavours force in the region.

“These really are exciting times for Kerry in South Africa, and we are very much looking forward to working with our new colleagues. Integrating FlavourCraft into our business provides a well established
platform for us to apply our expertise in creating consumer-preferred taste solutions for our food and beverage customers across sub-Saharan Africa”, concluded Bart van Schie.