Tag: Ireland

Kerry Group sells US$952m meats and meals business to Pilgrims Pride

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IRELAND – Kerry Group, an Irish food company, has sold its Kerry Consumer Foods’ Meats and Meals business valued at US$952 million to American multi-national food company Pilgrims Pride. Kerry Meats is a leading manufacturer of branded and private label meats, meat snacks and food-to-go products in the United Kingdom and Ireland. Its sister, Kerry Meals is a leader in the ethnic chilled and frozen ready meals business in the United Kingdom. The combined businesses produced over £725 million (US$864 million) in annual sales during the year ended December 31,…

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Demand for products perceived to enhance immunity will continue in the future beyond COVID-19 – Kerry

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IRELAND – The COVID-19 pandemic brought attention to the importance of a functional immune system stimulating demand for functional foods and beverages globally. A recent study conducted by Irish Food and Ingredients Company Kerry revealed that this trend will continue in the future beyond COVID-19. According to the research, 65 percent of functional beverage consumers are more worried about their health since the start of the pandemic. Furthermore, when asked about the health concerns that have become more important since the emergence of COVID-19, 59 percent of respondents in the…

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Kerry to expand ingredients portifolio with acquisition of Spain’s Biosearch Life

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IRELAND – Kerry Group has announced its intention to acquire Biosearch Life, a Spanish company that sells probiotic products made from human breast milk, for a total consideration of €126.94 million (about US$153.14 million). Based in Granada, Biosearch Life operates in the pharmaceutical, nutraceutical and functional food sectors and has over 150 employees. The Spanish biotechnology company offers a range of products in three primary areas: omega-3 fatty acids, botanical extracts and probiotics (with many obtained from human breast milk) under the respective brands, Eupoly-3, Exxentia and Hereditum. Biosearch Life’s…

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Total Produce, Dole Foods merge to consolidate leadership position in fresh produce market

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IRELAND – American agricultural multinational corporation Dole Foods has agreed to merge with Ireland-based fresh produce distributor Total Produce in a deal that consolidates Dole Foods’ leadership position in the fresh produce market. The new combined company operating under the Dole brand will be incorporated in Ireland, with its global headquarters in Dublin, but listed in the US. It hopes to raise US$500-US$700 million by way of a public flotation in the US later this year, possibly as early as June. The move will also see Total Produce de-list from…

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Irish bakers latest casualty of Brexit trade deal as new tarrifs cause rise in product costs

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UK – The UK’s new Trade and Cooperation Agreement (TCA) with the EU is resulting in additional tariffs being applied to Irish flour imports. The new deal stipulates that if the wheat used to make flour is more than 15% of third country origin, the full tariff of €172 (US$209) per metric ton becomes payable. According to projections from the The Economic and Social Research Institute (ESRI), the full tariff per metric ton on imported flour would equate to a 9 percent consumer price increase in bread. Ireland currently imports…

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Tastes associated with travel and nostalgia to grow in popularity in 2021 – Kerry

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IRELAND – Tastes associated with travel and nostalgia are predicted to grow in popularity as consumers around the world gravitate toward comforting and familiar tastes. This is according to a study conducted by Kerry Experts and captured in the taste and nutrition company’s 2021 Taste Charts. According to Kerry experts, 2021’s most sought after taste will be a contiuation of the phenomenon seen during the Covid-19 period where traditional tastes underwent a resurgence as people sought comfort in their food and beverages. Classics such as brownie, s’mores, apple pie, custard…

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APC Microbiome partners ImmuCell to foster development of antibiotic alternatives for the dairy industry

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IRELAND — APC Microbiome Ireland, a world leader in microbiome research has partnered with animal health company animal health company to advance research in antibiotics alternatives. According to APC, overuse of antibiotics in the food chain is a critical issue for human health due to the increasing number of antibiotic-resistant bacteria or “superbugs”, causing potentially untreatable life-threatening infections in people.  To minimize the risks, regulators worldwide are restricting the use of antibiotics in animals used in food production. To address the challenge of overuse of antibiotics and still ensure dairy…

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Kerry joins pro-climate club, unveils plans to achieve 100% transition to renewable energy by 2025

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IRELAND – Irish food company Kerry Group has become the latest major food company to join pro-clean energy club of most influential companies in the world otherwise known as RE100. While announcing its admission into the RE100, Kerry also unveiled its ambitious sustainably plans, committing to have its operations powered by 100% renewable electricity by 2025. RE100 is a global initiative led by the Climate Group in partnership with CDP, that aims to bring together the world’s most influential businesses committed to 100% renewable electricity. The decision to join the…

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Irish alcoholic beverages company Gortinore invests US$8m in development of new Whiskey Distillery

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IRELAND – Ireland’s craft distillery Gortinore Distillers & Co which is known for its signature Natterjack Whiskey & Four Toad Black Bourbon whisky brands is investing approximately US$8 million to construct a new whisky distillery in Ireland’s Waterfood County. The distiller made the announcement on its Facebook page, revealing that it had been granted planning approval to renovate the site into a whiskey distillery and visitor centre. According to a Facebook post by the company, the company plans to break ground on the distillery next year, which is located at…

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APC Microbiome Ireland partners Kraft Heinz to develop cultures for food use

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IRELAND – APC Microbiome Ireland and the Kraft Heinz Company have announced a new collaboration aimed at developing new natural cultures for food fermentations. Fermented foods are created using controlled microbial growth, facilitated by microbial communities, usually in the form of starter cultures, adjuncts or probiotics. The fermentation process helps prolong shelf-life, improve food safety and quality and increase the palatability of foods. The APC, Kraft Heinz collaboration plans to focus on a variety of these bioactive end-products and their applications in food systems.   The research project will initially run…

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