Niacet acquisition extends Kerry’s platform to use food preservation to fight bakery waste

By Gill Hyslop contact

- Last updated on GMT

Kerry is fighting food waste through preservation - 'where even one extra day of shelf life can have a hugely positive impact'. Pic: GettyImages/deepblue4you
Kerry is fighting food waste through preservation - 'where even one extra day of shelf life can have a hugely positive impact'. Pic: GettyImages/deepblue4you

Related tags: Kerry Applied Health & Nutrition, Niacet, Food waste, preservation, Food safety

The global taste and nutrition giant has completed the acquisition of preservation specialist Niacet, first announced on 21 June 2021 and with a value of €853m ($1.01bn).

Globally, the demand for technologies that preserve freshness, extend shelf life and reduce the global burden of food waste is accelerating. Kerry has been keeping food safe for many decades and today is a leader in food protection and preservation technologies.

According to Kerry, the acquisition strengthens its leadership position with the addition of Niacet’s market-leading brands, while also accelerating its growth.

Niacet produces both convention and clean label solutions, particularly for the bakery sector, along with cost-effective low-sodium preservation systems for meat and plant-based goods. The company uses proprietary drying and granulation process technologies in its key market categories of bakery, meat and pharma.

‘Combining two great companies’

“We have long admired Niacet and its market leading technologies, commitment to innovation and quality of its people,”​ said Neil Cracknell, president & CEO of Kerry Applied Health & Nutrition.

“Through this important acquisition, we are combining two great companies who share the same dedication to science and innovation, to develop innovative new technologies for food preservation, pharmaceutical applications and animal nutrition. We look forward to working with the Niacet leadership team and all of our Niacet colleagues to complete this integration successfully and swiftly.”

Added Kelly Brannen, CEO of Niacet, “This is an exciting time for Niacet and it is a great opportunity for both companies. Working together, we will grow Niacet at a much faster rate and sell in new markets around the world. We are very pleased to become part of the Kerry organisation.”

The increased selection of preservation solutions and food protection systems will enable Kerry’s Innovation and Application Centres of Excellence, along with the influence of its global network, to solve the world’s most complex food protection challenges. Kerry’s RD&A team of 1,000+ food scientists and its local manufacturing footprint in 31 countries enables it to partner with customers in over 150 countries.

World of sustainable nutrition

“We have a vision to create a world of sustainable nutrition, which is about providing nutrition that has less impact on the earth’s resources,”​ said Edmond Scanlon, CEO of Kerry.

“Reducing food waste is a key component of this and one of the most effective ways to reduce food waste is through preservation where even one extra day of shelf life can have a hugely positive impact. We are excited to welcome the Niacet team to Kerry where the combination of our two businesses have created a global leadership position in the preservation sector.”

Kerry's mission is to provide over two billion consumers with sustainable nutrition solutions by 2030.

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