Kerry Group Purchases Three US Companies In Multi-Million Euro Deal

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Kerry Group have acquired three us based companies in a multi million euro deal.

KERRY GROUP have today announced that they will be completing the purchase of three US based companies in a deal reported to be worth close to €642 million.

The companies that have been acquired are the Red Arrow Products, Island Oasis and Biothera’s Wellmune business, all of which are in the nutrition solutions sector and are expected to add around $300m to Kerry’s annual revenues.

Red Arrow is a supplier of natural smoke flavours and savoury grill flavours serving the food industry worldwide.

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Island Oasis is a provider of cocktail mixes and customised beverages in the US market.

Wellmune business produces and markets branded natural food, beverage and supplement ingredients.

The company will not accrue any more debt from the purchases however, as it was stated that the acquisitions will be financed from existing lines of credit.

“The acquisitions of Red Arrow, Island Oasis and Wellmune as well as significantly expanding our taste and nutritional solutions portfolio, bring a number of important innovative technology platforms to Kerry,” said Stan McCarthy, Kerry Group’s Chief Executive.

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