Kerry Group expanded its clean label food protection capabilities through the acquisition of two companies, Georgia-based IsoAge Technologies and Biosecur Lab, located in Quebec, Food Ingredients First reported. The purchases were completed at the end of 2019, but announced in late April. Financial terms were not disclosed.
In outlining the benefits of the deals, the supplier of flavors and ingredients said the coronavirus outbreak put pressure on manufacturers to safely supply food as consumers stockpile at home. Even before the pandemic, Food Ingredients First said Kerry noted that shoppers were already changing their behaviors and attitudes by watching what goes into their body, reading product labels and avoiding artificial ingredients.
IsoAge Technologies is a supplier of healthy, clean-label, muntifunctional ingredients while Biosecur Lab provides natural antimicrobials made from citrus extracts.
Source: Food Dive
