We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKerry Regulatory News (KYGA)

Share Price Information for Kerry (KYGA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 80.10
Bid: 78.00
Ask: 82.10
Change: 1.30 (1.65%)
Spread: 4.10 (5.256%)
Open: 80.10
High: 80.10
Low: 80.10
Prev. Close: 78.80
KYGA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Kerry announces two further strategic acquisitions

14 Dec 2018 07:00

RNS Number : 4519K
Kerry Group PLC
14 December 2018
 

 

14 December 2018

Kerry Group

Kerry announces two further strategic acquisitions

 

Kerry, the global taste & nutrition and consumer foods group today announced that it has reached agreement to acquire Ariake USA, the North American Business of Ariake Japan Co., subject to regulatory approval and customary closing conditions, and Southeastern Mills North American coatings and seasonings business (SEM), subject to customary closing conditions. These acquisitions further enhance the Group's foundational technology portfolio, as well as strengthening its foodservice positioning in line with strategic growth priorities. Total consideration for the acquisitions is expected to be c.€325m. These acquisitions have annualised pro-forma third-party revenues of approximately €125m. The Group will finance both acquisitions from existing lines of credit.

Ariake USA produces natural clean label savoury taste solutions derived from poultry, pork and vegetables at its facility in Harrisonburg, Virginia. Ariake USA's highly specialised extraction technologies and development capabilities produce a suite of tailored solutions across a number of end use markets. This acquisition further enhances Kerry's extensive authentic taste and clean label portfolio, whilst also complementing the Group's from-food-for-food heritage.

SEM manufactures coatings and seasonings at its strategically located manufacturing base in Rome, Georgia. This acquisition complements Kerry's authentic taste portfolio and further develops the Group's industry leading offering into the meat end use market.

 

 

Contact Information

 

Media

 

 

 

Catherine Keogh

VP Corporate Affairs & Communications

+353 66 7182304

corpaffairs@kerry.ie

Investor Relations

 

 

 

Marguerite Larkin

Chief Financial Officer

+353 66 7182292

investorrelations@kerry.ie

William Lynch

Head of Investor Relations

+353 66 7182292

investorrelations@kerry.ie

Website

 

 

 

www.kerrygroup.com

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
ACQDXLFFVLFBFBF
Date   Source Headline
3rd Nov 20169:31 amRNSVoting Rights and Share Capital
2nd Nov 20167:01 amRNSQ3 2016 Interim Management Statement
3rd Oct 201611:09 amRNSVoting Rights and Share Capital
1st Sep 20162:30 pmRNSVoting Rights and Share Capital
4th Aug 20167:00 amRNSHalf-year Report
2nd Aug 201612:19 pmRNSVoting Rights and Share Capital
7th Jul 201611:40 amRNSBlock Listing Six Monthly Return
4th Jul 201612:56 pmRNSVoting Rights and Share Capital
1st Jun 201611:15 amRNSVoting Rights and Share Capital
4th May 20169:40 amRNSVoting Rights and Share Capital
28th Apr 20162:29 pmRNSResult of AGM
27th Apr 20167:01 amRNSKerry Group AGM: Interim Management Statement
1st Apr 20162:36 pmRNSVoting Rights and Share Capital
30th Mar 20169:35 amRNSAnnual Financial Report
14th Mar 20165:02 pmRNSDirector/PDMR Shareholding
14th Mar 20165:00 pmRNSDirector/PDMR Shareholding
14th Mar 20164:58 pmRNSDirector/PDMR Shareholding
14th Mar 20164:56 pmRNSDirector/PDMR Shareholding
14th Mar 20164:54 pmRNSDirector/PDMR Shareholding
14th Mar 20164:51 pmRNSDirector/PDMR Shareholding
1st Mar 201611:23 amRNSVoting Rights and Share Capital
1st Mar 201610:12 amRNSBlocklisting Six Monthly Return
23rd Feb 20167:00 amRNSPreliminary Statement of Results
1st Feb 20163:17 pmRNSVoting Rights and Share Capital
18th Jan 20164:52 pmRNSNotification of Major Holdings
4th Jan 20162:46 pmRNSVoting Rights and Share Capital
10th Dec 20155:38 pmRNSNotification of Major Interest in Shares
1st Dec 201511:56 amRNSVoting Rights and Share Capital
3rd Nov 20157:04 amRNSKerry Group Q3 Interim Management Statement
2nd Nov 20152:32 pmRNSVoting Rights and Share Capital
19th Oct 201512:08 pmRNSNotification of Major Interest in Shares
15th Oct 20151:10 pmRNSKerry Group announces US$735m acquisitions
1st Oct 20155:20 pmRNSReplacement Voting Rights and Share Capital
1st Oct 201512:34 pmRNSOpening of Global Technology & Innovation Centre
29th Sep 20153:07 pmRNSKerry Group Announces Board Appointment
3rd Sep 20158:41 amRNSKerry Group - Pre-Stabilisation Notice
1st Sep 201512:08 pmRNSVoting Rights and Share Capital
6th Aug 20157:00 amRNSInterim Management Report
4th Aug 201512:17 pmRNSVoting Rights and Share Capital
23rd Jul 201511:01 amRNSTR-1: Notification
6th Jul 20159:29 amRNSBlocklisting 6 Monthly Return
1st Jul 201512:12 pmRNSVoting Rights and Share Capital
2nd Jun 20152:28 pmRNSVoting Rights and Share Capital
1st May 201512:53 pmRNSVoting Rights and Share Capital
1st May 201510:24 amRNSKerry Group plc Result of AGM
30th Apr 201511:40 amRNSKerry Group: Q1 2015 Interim Management Statement
2nd Apr 201511:36 amRNSAnnual Report and AGM Notice
2nd Apr 201510:26 amRNSVoting Rights and Share Capital
31st Mar 201510:17 amRNSBlocklisting Six Monthly Return
24th Mar 20154:49 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.