Ireland-based Kerry, the world’s leading taste and nutrition partner for the food, beverage, and pharmaceutical industries, has completed the acquisition of Niacet. Kerry’s food protection portfolio, resources, and global scale combined with Niacet’s capabilities, expertise, and knowledge strengthens the company’s global food protection and preservation platform. The acquisition has a value in excess of $1 billion.
The Niacet business complements Kerry’s existing extensive portfolio of food protection and preservation technologies and processes. It has a clear leadership position in bakery and has cost-effective, low-sodium preservation systems for meat and plant-based food and its range includes both, conventional and clean label solutions. Kerry will build upon the commercial reach of Niacet’s market-leading brands by adding the breadth and depth of its global network, innovation, and application centers of excellence, as well as its taste and nutrition expertise.
|The Global Stand Against Food Waste|
Edmond Scanlon, CEO of Kerry says, “We have a vision to create a world of sustainable nutrition which is about providing nutrition, which has less impact on the earth’s resources. Reducing food waste is a key component of this and one of the most effective ways to reduce food waste is through preservation where even one extra day of shelf life can have a hugely positive impact. We are excited to welcome the Niacet team to Kerry where the combination of our two businesses have created a global leadership position in the preservation sector.”
To mark the completion of the deal, events took place across a number of sites, including Niacet’s headquarters in Niagara Falls, N.Y. and its largest site in Tiel, Netherlands.