September 22/London/StockMarketWire.com -- Kerry Group has agreed to acquire Cargill's global flavors business, Cargill Flavor Systems, for $230 million.
Cargill Flavor Systems -- which has annual revenues of around $200 million -- has well-established international flavor technology development expertise serving a global customer base through provision of flavor ingredients and flavor systems for beverage, dairy, sweet and savory applications.