Kerry Group said today it has bought US-based Da Vinci Gourmet and Crystals International for $62 million.
Da Vinci Gourmet is a manufacturer of branded flavoured syrups, confectionery sauces and tea concentrates - serving specialty coffee chains, specialty food and grocery stores and foodservice outlets in more than 40 countries.
Crystals International is a specialist manufacturer of natural fruit and vegetable flavours for beverage, confectionery, dairy, nutraceutical and pharmaceutical applications.
Kerry has spent over $1.2 billion on acquisitions over the past three years and is a leading global player in ingredients and flavours.