M&A Deal Summary

Kerry Acquires AATCO Food Industries

On October 25, 2018, Kerry acquired food company AATCO Food Industries

Acquisition Highlights
  • This is Kerry’s 10th transaction in the Food sector.
  • This is Kerry’s 1st transaction in Oman.

M&A Deal Summary

Date 2018-10-25
Target AATCO Food Industries
Sector Food
Buyer(s) Kerry
Deal Type Add-on Acquisition

Target

AATCO Food Industries

Ghala, Oman
AATCO Food Industries LLC is a provider of culinary sauces to the foodservice channel. Headquartered in Muscat, Oman with manufacturing facilities in Sohar, Oman, Jeddah, Saudi Arabia and Nashik, India. AATCO Food Industries provides a platform for business development in the Middle East and Africa.

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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 14 of 19
Sector: Food M&A 10 of 12
Type: Add-on Acquisition M&A Deals 12 of 16
Country: Oman M&A 1 of 1
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Fleischmann s Vinegar Co.

Cerritos, California, United States

Fleischmann's Vinegar Co. Inc. is a USDA certified all-natural producer of specialty ingredients that further support Kerry’s taste and clean label strategies across a number of End Use Markets. It is headquartered in California and has manufacturing facilities in Washington, New York, Maryland, Illinois, Missouri, Alabama and California.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 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.

Buy -