Carbery Group, has today (Wednesday, May 6) announced the acquisition of the US flavours business of Prinova.

Prinova is a wholly owned subsidiary of the NAGASE Group and a leading global supplier of ingredients and premix manufacturing solutions.

The move will expand Carbery’s business in the US which trades as Synergy Flavors.

Carbery

Carbery Group, which is headquartered in West Cork, has facilities in eight locations globally including Ireland, the US, the UK, Brazil, Italy, Singapore, Thailand and Indonesia.

The company produces dairy and nutritional ingredients for more than 50 markets globally.

Commenting on the deal, Carbery chief executive, Jason Hawkins said the company is "very excited about the potential from this acquisition".

"We will continue to diversify our business to deliver value for shareholders, service and innovation for our customers and to retain and grow our excellent global team," he said.

Synergy US chief executive Kevin Collins added: "This is a great opportunity for Synergy US to add to our business and customer offerings".

"The acquisition builds on our existing capabilities in our flavours business and creates the ability to support long-term growth across a multitude of categories.

"Our expanded team’s flavour expertise and capability will help our customers to achieve their strategic growth ambitions.

"I know our shared commitment to creating a positive culture will enable us to work closely with our colleagues in Prinova to ensure a coordinated and smooth transition for all customers," he said.

Carbery Group is owned by four Irish co-operatives, Bandon, Barryroe, Drinagh and Lisavaird, and employs 1,049 people, with 1,127 local farmer suppliers.