Kerry Group, a global taste and nutrition company, completed the acquisition of Niacet, which manufactures and supplies food chemicals, from private equity firm SK Capital Partners for €853m ($1bn). "The acquisition of Niacet's complementary product portfolio enhances our leadership position in the fast growing food protection and preservation market and significantly advances our sustainable nutrition ambition. Niacet is a business with market leading positions, differentiated technologies and a strong and highly experienced management team. We are pleased to welcome the Niacet team to Kerry and we are excited at the potential the combination of our two businesses offers to outperform in this important and attractive market," Edmond Scanlon, Kerry CEO.