Kerry Group to buy food preservation firm Niacet for €853m

The news comes hot on the heels of Kerry agreeing to sell most of its consumer foods business for €819m.

The Niacet acquisition is reliant on regulatory approval, but is expected to complete by the end of the third quarter. File picture: Dan Linehan

Kerry Group has agreed to buy food preservation ingredients firm Niacet for €853m.

The US company – which is a global leader in food preservation technology – is currently owned by private equity firm SK Capital Partners.