Irish food ingredients firm the Kerry Group is set to buy out San Giorgio Flavors (Italy) from its drinks major parent Pernod Ricard, which is planning to focus solely on its core spirits and wines businesses.
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The financial details of the deal, which has been agreed in principle, have not yet been released. The leading Italian flavour manufacturer San Giorgio will add considerable weight to the Kerry Group however, having sales in 35 countries across the EU and Asia. With a portfolio of over 2000 flavours, the company also enjoys a considerable reputation for technical achievement in the confectionery, savoury and beverage industries.
San Giorgio Flavors employs 87 people at two manufacturing facilities in Turin, Italy.
