Kerry Group pulls out of €700m joint venture talks with Kerry Co-op

Bid by farmers’ co-op to buy 60 per cent of company’s dairy business fails

15th April, 2021
Kerry Group pulls out of €700m joint venture talks with Kerry Co-op
Edmond Scanlon, chief executive of Kerry Group, sees the company’s future being focussed solely on its core taste and nutrition division. Photo: Bryan Meade

Negotiations between Kerry Group and Kerry Co-op over a potential 60-40 joint venture deal for Kerry Group’s dairy business have collapsed.

Kerry Group confirmed to the Business Post it had ended the talks with Kerry Co-op and said it would provide an update on its next move later in the year.

“Kerry Group plc confirms that discussions with Kerry Co-Operative Creameries Limited in relation to a potential transaction have been suspended....

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