NewKerryacquisitions

KERRY Group has announced two significant acquisitions.

The Tralee-based global ingredients giant has reached agreement to acquire Fleischmann’s Vinegar Company Inc and AATCO Food Industries LLC.

Kerry said the acquisitions further expand the Group’s foundational technology portfolio, as well as strengthening its food service and developing markets positioning.

Total consideration for the acquisitions is expected to be €365m. Fleischmann’s Vinegar Company 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.

AATCO Food Industries LLC is a leading provider of culinary sauces to the food service channel. It is headquartered in Muscat, Oman with manufacturing facilities in Sohar, Oman, Jeddah, Saudi Arabia and Nashik, India.

AATCO Food Industries will provide Kerry Group with a platform for business development in the Middle East and Africa.