Kerry Group to increase its organic spend as acquisition pipeline remains strong

Kerry Group is to invest much of its capital resources into driving organic growth this year but has said its acquisition pipeline remains strong, with an estimated €1bn available to spend.

Part of the Tralee, Co Kerry-based food giant’s upcoming spend will be an extra €50m on its Kerryconnect programme From an original €350m cost its strategy for systems, processes and information integration in the group and part of the ‘1 Kerry’ model, has run into an extra year of implementation.

Last year, the group’s R&D spend rose 6% to €197m.