Kerry Group to sell its Sweet Ingredients Portfolio

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Ireland Headlines News

Kerry Group has entered into exclusive negotiations to sell the trade and assets of its Sweet Ingredients Portfolio to IRCA for €500m.

IRCA is is a food company that specialises in chocolate, creams, and other high-quality semi-finished ingredients.

"We are pleased to have entered exclusive negotiations with IRCA, who have a strong track record of developing their business within the category," said Edmond Scanlon, CEO of Kerry Group. Its operational footprint covers four manufacturing facilities in the US, and six facilities across the UK, the Netherlands, Germany and France.

"The Sweet Ingredients Portfolio is a high-quality business with a differentiated set of technologies, and we are excited to welcome their talented team who, we believe, share our passion and drive to deliver the best for their customers and consumers."

 

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