Kerry Group may diversify into fragrances sector.

Its rumoured that Kerry Group will diversify its operations with a move into the fragrances sector. The company has been on the acquisition trail in recent months, with the purchase of two U.S beverages companies and a food ingredients concern, for a combined total of more than 400 million dollars. It’s predicted that Kerry Group will make some further major acquisitions in the second quarter of this year.Market sources are predicting that Kerry Group will continue its strong performance in terms of acquisitions. Currently, a move into the area of fragrances is hotly tipped. The group’s involvement in the food ingredients sector has been strong in the past couple of months with the purchase of Quest Foods for 400 million dollar.More modest acquisitions made recently have been the purchase of American beverages companies Oregon chai and extreme foods, for a total of 96 million dollars. While it’s unlikely that Kerry Group will make another single 400 million dollar deal, it could make a number of smaller purchases, cumulatively amounting to several hundred million. Because the group is consolidating its position in the flavours sector, it’s believed it will ultimately make the move to fragrances.

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