Kerry Group (ingredients), strategic acquisitions
Operations in USA and Oman from EUR 365 million
Kerry, the global taste & nutrition and consumer foods group, in conjunction with its Investor Day in Singapore, announced it has reached agreement to acquire Fleischmann’s Vinegar Company Inc and AATCO Food Industries LLC. These acquisitions further expand the Group’s foundational technology portfolio, as well as strengthening its foodservice and developing markets positioning, in line with its strategic growth priorities. Total consideration for the acquisitions is expected to be €365m. These acquisitions have annualised revenues of approximately €150m.
EFA News - European Food Agency