Kerry Group buys SuCrest

Kerry Group has acquired European ingredients and flavours company SuCrest for an undisclosed sum.

The German-headquartered company provides sweet ingredients to the bakery, ice-cream, confectionery and cereal and snack sectors in Europe and had revenues of €50 million last year.

Kerry Group said that the acquisition will broaden Kerry's existing sweet systems and flavours portfolio.

The deal, which is subject to regulatory approval, is due to be completed by year-end.

Kerry Group announced in July it had entered exclusive talks to buy the flavours business of US food giant Cargill.