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Kerry Group invests $125M in Georgia plant expansion

Once this expansion project in Georgia is completed next year, Gerry Behan, Kerry Taste & Nutrition global president and CEO, said in a release the facility will be one of the most advanced and modern food manufacturing ferrous bisglycinate 28facilities in the world. He added that since North America is Kerry’s largest market, it makes sense for the taste and nutrition firm to add capacity here, which will no doubt also help the company’s distribution in Canada.”We already employ nearly 6,000 people in 70 locations across the region and we are looking forward to growing our footprint in the coel zinc gluconate para que sirveming years,” Behan said in the release.how to make chelated zincThis isn’t Kerry’s only move to expand on this side of the Atlantic Ocean. The company has added to its portfolio through M&A activities, including acquiring two U.S. seasonings businesses. The purchase of Ariake USA and Southeastern Mills’ North American coating and seasonings business for about $367 million aimed to boost Kerry’s technology capacity and beef up its position in foodservice.Kerry’s latest investment in the Georgia facility should enhance its North American functions and capacity even further. The move could also significantly add to the revenue picture of the company, which reported about $3.5 billion in 2019 from its North American taste and nutrition business. Kerry said it expects to add to that performance with target annual organic volume growth of 4% to 6%.Other global ingredients companies have also been investing in capacity building and making M&A moves to stay competitive. A year ago, New Zealand-based Fonterra bought a minority stake in Boston’s Motif Ingredients — later rebranded aszinc gluconate and zinc sulfate Motif FoodWorks — which makes bioengineered animal and food ingredients.Germany’s Symrise said this past November it will open a state-of-the-art application facility at the Unilever Foods Innovation Center at Wageningen ​University’s campus in the Netherlands. Symrise’s facility will feature a flavor creatiozinc glycinate sri lankan lab, an application kitchen and collaboration rooms. Whether any of these investments in corporate positioning approaches the $125 million Kerry is spending on one plant expansion isn’t clear, but all of these firms are making moves to stay pertinent in the global ingredients game. Changing consumer demand for flavorful and nutritious food is driving growth in the sector, and Kerry’s Behan called this trend “a consumer-led food revolution” that, along with environmental challenges, will reshape the entire food industry.

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