Advent-backed IRCA completed the acquisition of the sweet ingredients portfolio of Kerry Group for €500m.

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.