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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