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Kerry Co-op

Companies

Farmers revive €360m deal to acquire Kerry Group’s dairy arm

Original talks ended in acrimony after a rift developed within the board of the co-op over the valuation of the company and how it proposed to fund the transaction
  • Lorcan Allen
  • February 5, 2023
Companies

Kerry Group agrees €107.5m deal to acquire cheese business from Kraft Heinz

The Irish taste and nutrition giant said it expected the deal to close in the coming months
  • Lorcan Allen
  • August 30, 2022

Kerry farmers battle Revenue over Co-op shares €20m tax bill

The High Court row is over a tariff on patronage shares received by 3,500 farmers
  • Catherine Sanzand
  • Lorcan Allen
  • April 17, 2022

Kerry Group’s aborted €550m deal with Kerry Co-op could be revived

Edmond Scanlon, the Kerry Group chief executive, has said the company is still ‘open-minded’ about selling its legacy dairy arm
  • Lorcan Allen
  • February 20, 2022

Switch of Kerry Co-op chair may inject new life into €700m deal

Frontrunner for the role has signalled he would heal rift with Kerry Group after negotiations collapsed in April
  • Lorcan Allen
  • December 5, 2021

Kerry Co-op allows disgruntled shareholder to sell €500k of stock

The board of the organisation had previously attempted to block David Scannell from selling his shares, after he publicly criticised it
  • Lorcan Allen
  • October 31, 2021

Kerry Co-op blocks sale of shares by investor who publicly criticised it

David Scannell has been told by the company board he cannot sell more than €500,000 worth of shares until he apologises for disparaging comments and promises never to rejoin the organisation again
  • Lorcan Allen
  • September 5, 2021

Lorcan Allen: Time is running out for farmers to buy Kerry Group’s dairy arm

Talks between the farmer-controlled Kerry Co-op and the Kerry Group broke down in April. The group has restructured its dairy business and will probably try to sell it this year, but unless the Co-op can reorganise itself to return to negotiations, it may lose out
  • Lorcan Allen
  • July 4, 2021

Kerry Co-op drops Davy as broker of choice after probe

After the Central Bank’s investigation into Davy bond deal, co-op approached Goodbody to handle placement of shares on market
  • Lorcan Allen
  • June 27, 2021

Company watch: Kerry Group lands tasty €819m deal to sell legacy arm of company

Kerry Group sells its consumer meats and ready meals business to US meat and food giant Pilgrim’s Pride
  • Lorcan Allen
  • June 20, 2021

Kerry Group owes no money to milk suppliers, says chief executive

Edmond Scanlon insists the company has paid the ‘leading milk price on a like-for-like basis’ and ‘no outstanding payments are due’
  • Lorcan Allen
  • April 29, 2021

€700m Kerry dairy deal ‘fell through over funding concerns’

Kerry Co-op boss said its offer for Kerry Group’s dairy business was rejected for being too low
  • Lorcan Allen
  • April 18, 2021

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
  • Lorcan Allen
  • April 15, 2021

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