01 October 1999
Kerry Group expansion deals
KERRY Group, the Irish food company, is expanding its food ingredients business by acquiring Shade Foods, in the USA, and Speciality Food Ingredients (SFI), in Europe, for $80 million (£48.5m).
The seller is Andre, a Swiss group.
Shade and SFI have expertise in particulates technology, enabling small but identifiable pieces of fruit, nut, cheese, chocolate and similar ingredients to be used in processed foods.
The particulates add colour, texture and flavour to processed foods.
- Financial Times 01/10/99 page 22 (News Digest)