Kerry - M&A Summary and Business Overview

FoodCompany

Kerry M&A Summary

Kerry has acquired 21 companies, including 3 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 2 assets.

Kerry’s largest acquisition to date was in 2021, when it acquired Niacet for $1.0B. It’s largest disclosed sale occurred in 2021, when it sold Kerry Consumer Foods - Meats and Meals Business to Pilgrim s Pride for $923M. Kerry has acquired in 10 different US states, and 5 countries. The Company’s most targeted sectors include food (64%) and beverages (16%).

Kerry Business Overview

Where is Kerry headquartered?

Kerry is headquartered in Tralee, Ireland.

What is Kerry’s revenue?

Kerry disclosed revenue of 8,020M EUR for 2023 and 8,772M EUR for 2022.

How many employees does Kerry have?

Kerry has 21,000 employees.

What sector is Kerry in?

Kerry is a food company.

When was Kerry founded?

Kerry was founded in 1972.

M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity19
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 15
  • M&A Advisors 1

Kerry

Kerry Group plc

Prince's Street,
Tralee, V92 EH11
Ireland,
+353 66 718 2000
www.kerrygroup.com

Kerry together with its subsidiaries, develops, manufactures, and delivers technology based ingredients, flavors, and integrated solutions for the food, beverage, and pharmaceutical industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Kerry was founded in 1972 and is based in Tralee, Ireland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 16 - 2 1 - - 19
vol $446M $1.0B $1.5B
Sell (0.2/yr) # 1 - 1 - - - 2
vol $923M $923M
  21

Most Recent M&A

Company Date Value Type
c-LEcta GmbH 2022-02-15 - Add-on Acquisition
Leipzig, Germany · www.c-lecta.com
Niacet Corp. 2021-06-21 1.0B USD Add-on Acquisition
Niagara Falls, New York · www.niacet.com
Kerry Consumer Foods - Meats and Meals Business 2021-06-17 923M EUR Divestiture
, United Kingdom · www.kerry.com
Biosearch Life 2021-02-15 - Add-on Acquisition
Madrid, Spain · www.biosearchlife.es
Southeastern Mills, Inc. - North American Coatings & Seasonings Business 2018-12-14 - Divestiture
Rome, Georgia
ARIAKE USA, Inc. 2018-12-14 - Add-on Acquisition
Harrisonburg, Virginia · www.ariakeusa.com
Fleischmann's Vinegar Co. Inc. 2018-10-25 350M USD Divestiture
Cerritos, California · www.fleischmannsvinegar.com
AATCO Food Industries LLC 2018-10-25 - Add-on Acquisition
Ghala, Oman · www.aatco.om
Island Oasis, Inc. 2015-11-06 - Add-on Acquisition
Walpole, Massachusetts · www.islandoasis.com
Biothera - Wellmune Business 2015-10-15 - Divestiture
Eagan, Minnesota
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 12 (63%) 350M (24%) 2 (100%) 923M (100%)
Beverages 3 (16%) 96M (7%) - -
Life Science 2 (11%) - - -
Chemicals 1 (5%) 1.0B (69%) - -
Manufacturing 1 (5%) - - -
Total 19 $1.5B 2 $923M

By Geo

State/Country Buy Value Sell Value
United States 13 1.5B - -
  New York 2 1.0B - -
  Minnesota 2 - - -
  California 2 350M - -
  Wisconsin 1 - - -
  Virginia 1 - - -
  Oregon 1 96M - -
  Ohio 1 - - -
  Nebraska 1 - - -
  Massachusetts 1 - - -
  Georgia 1 - - -
United Kingdom 2 - 1 923M
Germany 2 - - -
Australia - - 1 -
Oman 1 - - -
Spain 1 - - -
Domestic - - - -
Cross-border 19 (100%) 1.5B (100%) 2 (100%) 923M (100%)
Total 19 $1.5B 2 $923M

Top M&A Advisors

Financial Deals
McQueen Ltd.
1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 1 $350M
< $100M 1 $96M
TOTAL $1.5B
Largest Niacet Corp.
$1.0B (2021-06-21)
sell # Total
$100M to $1B 1 $923M
TOTAL $923M
Largest Kerry Consumer Foods - Meats and Meals Business
$923M (2021-06-17)

M&A Connections

Deals
Acquired from
Investor(s)
42%
8 (42%)
Strategic(s)
16%
3 (16%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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