Kerry Acquires CSM’s QA Products Business
The transaction was completed on December 18, 2007. QA Products annual sales amount to approximately USD 35 million (€ 24 million). All 165 employees will be transferred to the new owner.
19/12/07 CSM has reached agreement on the sale of QA Products in Elk Grove Village, Illinois (USA) to Kerry Group, an international manufacturer of food ingredients and flavors for an undisclosed sum.
The transaction was completed on December 18, 2007. QA Products annual sales amount to approximately USD 35 million (€ 24 million). All 165 employees will be transferred to the new owner.
QA Products is a leading manufacturer of decorations for the bakery and food industry. Reinoud Plantenberg, member of the CSM Board of Management and responsible for Bakery Supplies North America comments: “The sale of QA Products is in line with our strategy to further focus on core activities and growth markets. Within Kerry Group, QA Products will be offered new opportunities to develop in specific markets.”
