Sector News

Kerry completes US$1B Niacet purchase to create “world-leading food protection and preservation platform”

September 19, 2021
Food & Drink

Kerry has completed the acquisition of Niacet, which was previously announced in June, as Kerry seeks to strengthen its food protection and preservation strategy.

Niacet is a key player in preservation, and its business complements Kerry’s extensive portfolio of food protection and preservation technologies and processes.

Globally, the consumer and market demand for technologies that preserve freshness, extend shelf life and reduce the global burden of food waste is accelerating.

Tapping into consumer demand
Niacet has a clear leadership position in bakery and has cost-effective low-sodium preservation systems for meat and plant-based food. Its range includes both conventional and clean label solutions.

Kerry will build upon the commercial reach of Niacet’s 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.

Through its clean label food protection and preservation technologies portfolio, Kerry has been keeping food safe for many decades.

This acquisition strengthens the company’s position by the addition of complementary technologies while also accelerating its growth.

The increased selection of preservation solutions and innovative food protection systems combined with the complete taste and nutrition offering will support Kerry and its broad global customer base to solve the world’s most complex food protection challenges.

Sustainable nutrition
Edmond Scanlon, CEO of Kerry, says the company is focused on creating sustainable nutrition, which is about providing food that 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,” he outlines.

“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.”

Kelly Brannen, CEO of Niacet, says the move is an excellent opportunity for both companies. “Working together, we will grow Niacet at a much faster rate and sell in new markets around the world.”

“Through this acquisition, we are combining two companies who share the same dedication to science and innovation to develop new technologies for food preservation, pharmaceutical applications and animal nutrition,” adds Neil Cracknell, president and CEO of Kerry Applied Health and Nutrition.

“We look forward to working with the Niacet leadership team and all of our Niacet colleagues to complete this integration successfully and swiftly.”

Preservation strategies highlighted
Kerry continues to co-create with customers to solve the most complex safety, shelf life, taste, nutrition and appeal challenges they face as part of their preservation strategies.

Last month, Kerry was granted a US patent protecting its process for curing meat or meat products using a natural, plant-based curing agent. The company spoke with FoodIngredientsFirst about how the patent is crucial to Kerry’s growing intellectual property portfolio and reaffirms Kerry’s global position in food preservation.

The company has also observed a rising trend in meat products with cleaner, shorter labels. More consumers are actively working to eliminate unrecognizable and artificial ingredients from their diets.

Notably, Kerry’s 2021 Food Safety Fundamentals proprietary research showed that 60 percent of consumers are more concerned about food safety because of the pandemic.

Edited by Elizabeth Green

Source: foodingredientsfirst.com

comments closed

Related News

June 24, 2022

Carlsberg announces resignation of CFO Heine Dalsgaard

Food & Drink

Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.

June 24, 2022

Kellogg to split into three companies, focus on snacks

Food & Drink

Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.

June 24, 2022

Mondelēz to buy energy bar company Clif Bar for $2.9bn

Food & Drink

The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.