Kerry divest sweet ingredients business

Date: 12.01.2023Source: DIN

Kerry Group is selling its sweet ingredients business to US chocolate, cream and semi-finished food specialist IRCA for €500m. The deal includes four plants in the US and six in Europe. The Kerry division’s turnover is estimated at €1 billion.

IRCA has been owned by private equity firm Advent International since 2022.

Roland Sossna / IDM

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