Kerry Group shares jump on talk of sale of consumer foods division

A sale of the division would help raise funds for Kerry to expand its main food ingredients business through acquisitions.

Kerry CEO Edmond Scanlon

Kerry Group shares jumped by well over 3% on the back of speculation that the Tralee-based food ingredients giant may be sizing up a sale of its consumer foods division.

Kerry is understood to be considering strategic options for its consumer food business in a move that could free up money for acquisitions.