Kerry misses Du Pont deal but still has plenty of firepower

Kerry Group knows that the taste and nutrition division, not its traditional business, will drive its future growth

22nd December, 2019
Kerry misses Du Pont deal but still has plenty of firepower
Losing out on the deal for the Du Pont nutrition business will have been a blow for Kerry Group CEO Edmond Scanlon. Picture: Bryan Meade

Edmond Scanlon would have known the question was coming at the end of his presentation on Kerry Group’s half-year results at the Westin Hotel in Dublin.

The chief executive had offered up an array of alternative topics for discussion including the company’s €3.6 billion in revenue over the first six months of the year; the 5.5 per cent increase in its after tax profit to €239 million; and the near-12 per cent jump...

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