Sunday May 31, 2020

Food giant Kerry snaps up three US food companies for $735m

The company now owns Red Arrow Products, Island Oasis and Biothera Inc’s Wellmune

14th October, 2015

Kerry Group has bought three US based food companies for a massive $735 million, the company revealed today.

The announcement saw Kerry’s shares rise by nearly 1 per cent to €68.10.

The company said it would finance the purchase of Red Arrow Products, Island Oasis and Biothera’s Wellmune through existing credit lines.

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