Kerry Group buys Cargill
Kerry Group has confirmed that it has paid €171m (US$230m) for Cargill Flavor Systems, subject to closing adjustments.
Cargill's global flavours business has well-established international flavour technology development expertise, serving a global customer base. The company has annual revenues of around €149m (US$200m).
The business employs 700 people in France, Britain, South Africa, India, Malaysia, China, the USA, Puerto-Rico, Mexico and Brazil.
Meanwhile, Fonterra has recorded record earnings of €11.6bn for the year ending July 31.
A bumper year for dairy exports and strong performances by the co-op's overseas businesses saw Fonterra's profits increase by 13pc to €448m.
Safety calls for tractors
Momentum is building for the introduction of compulsory farm safety training and NCTs for tractors following the publication of a report from the National Rural Network.
The author of the report, agricultural consultant Richard Hackett, recommends safety training becomes obligatory for farmers if safety levels are not improved on farms through voluntary measures.