Tag: Kerry Group

Kerry completes US$1B acquisition of Niacet as Prinova expands portfolio with purchase of Ingredient House

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IRELAND – Global taste and nutrition company Kerry has completed the acquisition of leading food protection and preservation technology supplier Niacet.  The acquisition which was previously announced in June this year aims to complement Kerry’s extensive portfolio of food protection and preservation technologies and processes.  A stronger Kerry portfolio coincides with strong consumer and market demand for technologies that preserve freshness, extend shelf life and reduce the global burden of food waste is accelerating.   Niacet boasts of a range that includes both conventional and clean label solutions and has a clear leadership position in bakery…

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Kerry to acquire preservation technology company Niacet for US$1.01B

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NETHERLANDS – Kerry, an Irish-based global taste and nutrition company, has signed an agreement to acquire preservation technology company Niacet in a deal estimated to be worth US$1.014 billion (€853 million).  Niacet specializes in food preservation and has exclusive drying and granulation process technologies in its key market categories of Bakery, Meat and Pharma.  It also has cost-effective low-sodium preservation systems for both meat and plant-based food across conventional and clean label solutions.  According to a statement from Kerry, the acquisition will bolster its efforts to strengthen its own technologies for food protection and preservation. …

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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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Kerry expands presence in Latin America with new taste facility in Mexico

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MEXICO – Kerry, a multinational food ingredients company based in Ireland, has announced the opening of a new taste facility in Irapuato, Mexico, as it looks to strengthen its position in the Latin American market. According to Kerry, the new facility is expected to significantly expand the company’s offerings across a range of food and beverage categories, including refreshing and alcoholic drinks, snacks, meat, dairy and bakery. The facility is expected to primarily serve Kerry’s customers in Mexico, Central America, the Caribbean and the Andean region. According to Marcelo Marques,…

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Leading food ingredients company Kerry to commence local production in Nigeria, partners with Cormart Ltd

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NIGERIA – Cormart Nigeria Limited, a leading producer and distributor of chemical and food raw materials in Nigeria, has partnered with Kerry, to enable the world’s leading manufacturer of food flavours and ingredients to undertake local production in the West African nation. Both companies have been having a long-standing relationship which has seen Kerry avail its products in the Nigerian market over the years. The partnership will enable the multinational to be more sensitive and responsive to the local market requirements. To this end, Nigerian manufacturers will be able to…

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Kerry to establish new innovation center in Australia to reduce time to market for new products

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AUSTRALIA -Irish-based taste and nutrition company, Kerry has announced that it will develop a purpose-built food technology and innovation centre in Queensland, Australia in an effort to bolster food innovation in the region.  According to a statement from the company, the facility will include pilot plants, laboratories and tasting facilities in order to bring the end-to-end food innovation cycle under one roof. As a result, Kerry hopes to reduce time to market for new products and boost its capacity to drive food innovation in the region. In addition to being…

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Private label sales rebound as falling incomes force consumers to closely watch their budget

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GLOBAL – After a disappointing 2020 where growth in private label sales was outpaced by National Brands for the first time in in a decade, sale growth in the category has rebounded, according to a recently released data by NielsenIQ. The rebound in sales has been attributed to an increase in consumers who are actively looking for ways to reduce their spending as uncertainty and concerns over unemployment loom. In a webinar presentation, Kerry also attributed the resumption of growth in private label sales can also be attributed to continuing…

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Kerry invests US$36m in Taste facility in Indonesia to bolster response to local consumer preferences

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INDONESIA – Leading food ingredients company, Kerry has announced that it will build a second manufacturing facility in Karawang, Indonesia in an effort to increase its footprint in South East Asia (SEA). According to Kerry, the new US$36 million state-of-the-art facility represents its largest ever capital investment in SEA to date. It will be Kerry second manufacturing site and third facility in Indonesia. The company notes that the facility will significantly expand its Taste offering in the region and further support customers in the fast-growing markets of SEA. It will…

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Kerry’s Richmond brand launches meat-free meatballs in UK as demand for alternative protein soars

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UK – Richmond brand, one of Kerry’s most prominent food brands,  has expanded its Meat-Free range by launching new meat-free meatballs and minces in the UK. The launch comes at a time when there is soaring demand for alternative proteins as consumer tastes and preferences shift away from animal proteins. According to a recently released report by Boston Consulting Group (BCG) and Blue Horizon Corporation (BHC), the alternative protein market including meat, eggs, dairy, and seafood will reach US$290 billion in value by 2035. The study also concluded that alternative…

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Kerry, World Food Programme partner to improve milk value chain in Burundi

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BURUNDI – Kerry, one of the world’s leading taste and nutrition company has partnered with the United Nations World Food Programme to launch Project Amata in Burundi, aimed to enhance the production and availability of safe, sustainable milk for children and communities. The project will be supported by a direct financial contribution of US$750,000 from the Irish company, aimed to improve food security and nutrition by strengthening the milk value chain. Over the course of the three-year programme, Kerry experts and WFP staff will work together with farmers and the…

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