Group to continue restructuring of foods division after sales uplift

Kerry Foods is to continue with the restructuring programme that delivered a sales uplift at the end of 2013 and into 2014 — despite “highly competitive” consumer markets in the UK and Ireland.

Kerry’s foods division now accounts for around €1.6bn of its annual revenue compared to the €4.3bn generated by the ingredients and flavours business last year.

Kerry Foods expects to make further acquisitions in key markets. Some food businesses will be sold.