M&A Deal Summary

Kerry Acquires SPI Foods

On August 22, 2001, Kerry acquired food company SPI Foods from Plaza Belmont Management Group

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

M&A Deal Summary

Date 2001-08-22
Target SPI Foods
Sector Food
Buyer(s) Kerry
Sellers(s) Plaza Belmont Management Group
Deal Type Add-on Acquisition

Target

SPI Foods

Fremont, Nebraska, United States
SPI Foods, Inc. is a manufacturer of specialty cereal products and pre-cooked, shelf-stable lasagna noodles.

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Buyer(S) 1

Buyer

Kerry

Tralee, Ireland

Category Company
Founded 1972
Sector Food
Employees21,461
Revenue 6.9B EUR (2024)
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 1 of 19
Sector: Food M&A 1 of 12
Type: Add-on Acquisition M&A Deals 1 of 16
State: Nebraska M&A 1 of 1
Country: United States M&A 1 of 13
Year: 2001 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-07 Stearns & Lehman

Mansfield, Ohio, United States

Stearns & Lehman, Inc. manufactures and markets specialty food products, including coffee and espresso flavorings, syrups, oils and toppings, extracts, flavorings, dressings, specialty sugars, and frozen beverage products.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Plaza Belmont Management Group is a private equity investor focused on the food industry. The Firm targets companies that manufacture unique or value added food ingredients or products distributed through the retail grocery or food service channels or companies that co-manufacture products for major food companies. Plaza Belmont Management Group was formed in 1998 and is based in Shawnee Mission, Kansas.


DEAL STATS #
Overall 1 of 8
Sector: Food M&A 1 of 7
Type: Add-on Acquisition M&A Deals 1 of 6
State: Nebraska M&A 1 of 2
Country: United States M&A 1 of 8
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 Hilton House Foods

Wichita, Kansas, United States

Hilton House Foods, Inc. is a manufacturer of specialty products primarily for the ice cream and bakery industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 National Harvest

San Fernando, California, United States

National Harvest LLC is a provider of frozen potato products including a baked potato entree product under the “Bakers Express” brand sold through the grocery channel; a line of frozen potato skins, twice baked potatoes and frozen shredded potatoes sold through club stores.

Buy -