Kerry Co-op members vote in favour of proposal to buy Kerry Dairy Ireland for €500m

The vote means Kerry Group will now operate solely as a taste and nutrition business

Kerry Dairy Ireland is a current business division of the Kerry Group processing over 1.1 billion litres of milk annually from 2,740 family farms across Munster

Kerry Co-op shareholders across Munster have voted in favour of the proposal to acquire Kerry Dairy Ireland and a share exchange with Kerry Group that will deliver around €1.4bn of value directly to all Kerry Co-op members.

The proposal was approved by 82% of eligible members present at a Special General Meeting of the Co-op held today in Killarney.