Kerry Group completed the acquisition of Shanghai Greatang Orchard Food for $209m.

Kerry Group, a taste & nutrition company, completed the acquisition of Shanghai Greatang Orchard Food, a provider of taste solutions for local foodservice chains, for $209m. "This acquisition strongly complements Kerry's leading authentic taste position in China, broadening and deepening its capability and portfolio of local taste solutions in the region, most notably in the significant foodservice hotpot market. Greatang's expertise strengthens and expands Kerry's strategic positioning and capability as an innovation partner for local and international customers in China," Kerry Group.