Kerry Group to spend €500m on acquisitions this year
At the presentation of Kerry’s interim results yesterday, Mr McCarthy said that the group has had around €250m worth of business since the start of 2015, with four purchases completed and five agreed but awaiting completion. He said management is eyeing up more deals worldwide to bolster Kerry’s taste and nutrition offering and the total year’s spend should top €500m.
“Our significant business structure and capability investment, in recent years, positions Kerry well for future growth through organic development of the group’s taste and nutrition platforms and developing market strategies — together with complimentary acquisition investments,” Mr McCarthy said.
