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
Kerry Co-op, the farmer-controlled investment company, has revived a potential €360 million deal to acquire a majority stake in Kerry Group’s legacy dairy business, the Business Post has learned.
Sources close to the Tralee-based co-op said negotiations around a potential deal had restarted in the last week after a previous attempt to buy Kerry Group’s dairy processing and consumer foods business in Ireland collapsed in April 2021.
With annual sales of around €1.3 billion and ...