Kerry Group to fight takeover ruling

KERRY Group is set to challenge the ruling from the Competition Authority that blocks its €165 million purchase of the food brands owned by Reox, the Dairygold spin-off.

If Kerry succeeds it will take control of cheese labels Mitchelstown and Calvita, bacon and sausage label Galtee, bacon and ham label Shaws and the dairyspread brand Dairygold.

These are owned by Breeo Foods, a subsidiary of the Reox Group, which was spun off from Dairygold to grow its property, consumer foods and DIY businesses.