Kerry Group targets more acquisitions on the back of €853m US purchase

Kerry Group's chief executive said the business will increasingly evaluate acquisition targets in terms of sustainability impact on top of strategy and financial considerations.

Kerry Group CEO Edmond Scanlon

Kerry Group is actively targeting more acquisitions on the back of agreeing an €853m deal to buy US food preservation technology company Niacet.

The purchase of Niacet — which is expected to complete by the end of September — will hasten Kerry’s near-total shift away from consumer products to a taste and nutrition specialist.