Terms of the transaction have not been disclosed, however, the Ireland-based food company has significantly boosted its presence in the supply chain with this latest acquisition.
The Kerry Group has strengthened its portfolio by acquiring one of China’s premier players in the food ingredients sector buying 100% of Tianning Flavour & Fragrance (Jiangsu) Co. Ltd. Terms of the transaction have not been disclosed, however, the Ireland-based food company has significantly boosted its presence in the supply chain with this latest acquisition.
The Chinese enterprise manufacturing fragrance and flavor company is located in Qing Pu Industry Park in the western part of Shanghai with a total area of 20000 square meters.
Tianning Flavours has also established a nationwide sales network, with branch offices in key locations including Shanghai, Guangzhou, Wuhan, Zhengzhou, and Shenyang.
Kerry Foods markets some well-known brands in the chilled food sector, including LowLow cheese and low-fat spreads, Cheestrings, Dairygold, Charleville cheese, Richmond, Wall’s, Mattessons, and Denny, Ireland’s leading brand for sausages and cooked meats
