Announced
Completed
Financials
Tags
food ingredients
Private
Private Equity
chocolate products
United Kingdom
Cross Border
Majority
Food Products
Single Bidder
Acquisition
Friendly
Completed
Synopsis
Advent-backed IRCA, an artisanal food ingredients company, completed the acquisition of the sweet ingredients portfolio of Kerry Group, a provider of taste and nutrition solutions for the food, beverage and pharmaceutical markets, for €500m. "We are pleased to have entered exclusive negotiations with IRCA, who have a strong track record of developing their business within the category. This transaction would represent another strategic development in Kerry's evolution, as we continue to look to enhance and refine our Taste & Nutrition portfolio, aligned to the areas where we can create the most value," Edmond Scanlon, Kerry Group CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.