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
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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