Multi-billion euro takeover a Kerry goal

KERRY Group boss Stan McCarthy said yesterday a “multi-billion” euro takeover to enhance the group’s global reach in food ingredients/ flavours was a definite goal for the company.

Commenting after the group reported pre-tax profits of €162.3m for the first six months of 2010, ahead of forecasts, he stressed he was not under any pressure to make such a move in the short term.

“We don’t have to jump the gun. I’m more interested in performance than rushing a big deal,” he said.