M&A Deal Summary

Kerry Acquires Southeastern Mills - North American Coatings & Seasonings Business

On December 14, 2018, Kerry acquired food company Southeastern Mills - North American Coatings & Seasonings Business from Southeastern Mills

Acquisition Highlights
  • This is Kerry’s 12th transaction in the Food sector.
  • This is Kerry’s 12th transaction in the United States.
  • This is Kerry’s 1st transaction in Georgia.

M&A Deal Summary
Date 2018-12-14
Target Southeastern Mills - North American Coatings & Seasonings Business
Sector Food
Buyer(s) Kerry
Sellers(s) Southeastern Mills
Deal Type Divestiture

Target

Southeastern Mills - North American Coatings & Seasonings Business

Rome, Georgia, United States
Southeastern Mills, Inc. - North American Coatings & Seasonings Business manufactures coatings and seasonings at its strategically located manufacturing base in Rome, Georgia.

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Buyer(S) 1

Buyer

Kerry

Tralee, Ireland
Category Company
Founded 1972
Sector Food
Employees21,000
Revenue 8.0B EUR (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 16 of 19
Sector (Food) 12 of 12
Type (Divestiture) 3 of 3
State (Georgia) 1 of 1
Country (United States) 12 of 13
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 ARIAKE USA

Harrisonburg, Virginia, United States

ARIAKE USA, Inc. produces natural clean label savoury taste solutions derived from poultry, pork, and vegetables at its facility in Harrisonburg, Virginia. Ariake USA’s highly specialized extraction technologies and development capabilities produce a suite of tailored solutions across a number of end-use markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 Biosearch Life

Madrid, Spain

Biosearch Life is a biotechnology company focused on providing products in three primary areas: probiotics, omega-3 fatty acids and botanical extracts. Biosearch Life distributes its products across Europe, Asia and the US. Biosearch Life is based in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

Southeastern Mills

Rome, Georgia, United States
Category Company
Founded 1941
Sector Food
DESCRIPTION

Southeastern Mills, Inc. is a supplies food processors, foodservice distributors and restaurant chains, and consumers in the United States.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 JMH Premium

Salt Lake City, Utah, United States

JMH International LLC develops and manufactures a broad range of soup bases, sweet and savory flavor bases, stock concentrates, sauces, gravy mixes, dessert preparations, seasoning blends, powdered drink mixes, and dry complete meals. The Company, a leader in developing food flavoring systems, provides custom formulations and culinary solutions to the food industry, selling to customers in the foodservice, ingredient, specialty retail and co-manufacturing channels. JMH International was founded in 1982 and is based in Salt Lake City, Utah.

Buy -
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