Sunday September 27, 2020

Kerry could spend €300m on acquisitions in 2012

UPDATE: Food group Kerry has reported a trading profit of just over €500 million in 2011, up 7.1 per cent on the previous year, as chief executive says "worst is over" in Ireland.

21st February, 2012
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Kerry Group may spend up to €300 million on merger and acquisition activity during 2012.

Chief financial officer Brian Mehigan said that the company had a "busy" pipeline of deals, focused on the ingredients and flavours business. The food group is particularly focused on Malaysia and China, he said, in comments reported on Bloomberg.

Earlier, Kerry reported a trading profit of just over €500 million in 2011, up 7.1 per cent on the previous year.

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