Kerry Expands North America Ingredients Business

Kerry Expands North America Ingredients Business
Kerry, Tralee, Ireland, has acquired two North American food ingredients businesses—Custom Industries and Nuvex Ingredients—for $83 million. Custom Industries is a leading manufacturer of particulates for bakery and ready-to-eat cereal applications and confectionery ingredients for sweet goods. It operates from two manufacturing facilities located in St. Genevieve, MO, and Toronto, Canada. Nuvex Ingredients operates from an organically certified production facility located in Blue Earth, MN. Specializing in customized high-protein and fiber nutritional lines, the business has established core supplier relationships with leading manufacturers of breakfast cereals, functional foods and nutritional snacks.