Kerry Group Innovation and Research Centre, Naas. \ Colm Mahady/Fennells
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Kerry Group has announced the acquisition of two north American businesses worth a combined €325m.
Kerry is set to acquire Ariake USA and Southeastern Mills North American coatings and seasonings business (SEM).
The two businesses are said to have a revenue of approximately €125m and Kerry will finance both acquisitions from existing lines of credit.
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Acquisitions
Ariake USA is the North American division of Ariake Japan Co. It produces natural clean-label taste products derived from poultry, pork and vegetables from its facility in Virginia.
A Kerry spokesperson said: “This acquisition further enhances Kerry's extensive authentic taste and clean label portfolio, whilst also complementing the Group's from-food-for-food heritage.”
The second business, SEM, has a manufacturing base located in Georgia and Kerry said it further developed their offering into the meat end use market.
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Kerry Group has announced the acquisition of two north American businesses worth a combined €325m.
Kerry is set to acquire Ariake USA and Southeastern Mills North American coatings and seasonings business (SEM).
The two businesses are said to have a revenue of approximately €125m and Kerry will finance both acquisitions from existing lines of credit.
Acquisitions
Ariake USA is the North American division of Ariake Japan Co. It produces natural clean-label taste products derived from poultry, pork and vegetables from its facility in Virginia.
A Kerry spokesperson said: “This acquisition further enhances Kerry's extensive authentic taste and clean label portfolio, whilst also complementing the Group's from-food-for-food heritage.”
The second business, SEM, has a manufacturing base located in Georgia and Kerry said it further developed their offering into the meat end use market.
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