Kerry Group agrees €107.5m deal to acquire cheese business from Kraft Heinz

The Irish taste and nutrition giant said it expected the deal to close in the coming months

Kerry Group chief executive Edmund Scanlon

Kerry Group, the taste and nutrition giant, has agreed a deal of more than €100 million to acquire a powdered cheese business in the US.

The Irish multinational announced on Tuesday it had reached a deal with Kraft Heinz, the US consumer foods conglomerate formed after the merger of Heinz and Kraft Foods in 2015, to buy its business to business (B2B) powdered cheese business for $107.5 million (€107.5 million).

Kerry said the powdered cheese ...