TRALEE, Ireland & LAKE ZURICH, Ill. -- Insight Beverages has reached an agreement to be acquired by Kerry. This transaction is expected to be completed by the end of May.
"Together, Insight Beverages and Kerry share an entrepreneurial spirit, history of growth and success, value-added product development and commitment to customer service," said Andy Burke, CEO and president of Insight Beverages, Lake Zurich, Ill.
"This partnership will enable Insight Beverages to offer our customers a greater depth and breadth of product offerings, strengthened innovation and expanded capabilities, all focused to better serve our customers today and into the future," said Sharon Porter, Insight Beverages' director of sales and marketing.
"We are optimistic that the transaction will close in the coming weeks, and we are excited about the potential that this partnership creates for our customers," said Burke. "Insight Beverages is committed to continuing to provide industry leading insights, products and services."
Since 1981, Insight Beverages has been helping companies grow profitable beverage businesses by leveraging its technology and consumer research. Insight Beverages provides customers with business solutions through a diverse mix of specialized, proprietary products and custom services. The company manufactures and distributes cappuccinos, hot cocoas, frozen cappuccinos, barista products, fruit smoothies, frozen noncarbonated beverages, tea products, premium lemonades and iced coffees.
Kerry has a large portfolio of taste and nutrition systems and functional ingredients and actives for the global food, beverage and pharmaceutical markets. Kerry’s integrated approach to customer-specific innovation and product solutions is driven by its technology, market application, culinary and sensory expertise. With global Kerry headquarters in Tralee, Ireland, and Kerry – Americas headquarters in Beloit, Wis., Kerry supplies more than 15,000 food and beverage ingredients and flavor products to customers in more than 140 countries. Kerry has manufacturing facilities in 23 countries and international sales offices in an additional 20 countries.
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