Kerry Group

Kerry Group plc is a public food company headquartered in Ireland. It is quoted on the Dublin ISEQ and London stock exchanges.

Kerry's Main Factory in Listowel
This article is about Kerry Group. For Kerry Properties, see Kerry Properties.

Kerry Group plc
TypePublic limited company
Euronext: KRZ
LSE: KYGA
Founded1972 (1972) in Listowel, Kerry, Ireland
HeadquartersTralee, Kerry, Ireland
Key people
Philip Toomey, (Chairman)
Edmond Scanlon, CEO
ProductsFood ingredients and flavours
cheese and cheese snacks
ready meal
sausages
cooked meats
dairy spreads
water and juices
Revenue €7.2 billion (2019)[1]
€903 million (2019)[1]
€764 million (2019)[1]
Total assets €9.504 billion (2019)
Number of employees
26,000 (2019)[1]
Websitewww.kerrygroup.com

History

Kerry was founded in 1972 in Listowel, County Kerry as a private company with three shareholders – state-owned Dairy Disposal Company (42.5%), a federation of eight small farmer co-operatives in Kerry which become Kerry Co-op (42.5%) and Erie Casein Company Inc. from the US (15%).[2]

In 1986, a significant milestone in the formation of the plc involved the Group acquiring the undertaking, property and assets of Kerry Co-operative Creameries and as a consideration 90 million ordinary shares in Kerry Group plc being issued to the Co-op.[3]

In March 2004, the company bought the Quest Food Ingredients Group, a food ingredients business, for US$440 million.[4] Then in August 2005, the company acquired Noon Products, a supplier of Indian and Thai ready meals, for £124m.[5]

In September 2012, the company acquired Cargill Flavor Systems, a manufacturer of food flavouring, for $230 million.[6]

In February 2015 the company acquired Rollover, a supplier of hot dogs.[7] Then in October 2015 the company acquired Red Arrow Products, Island Oasis and Wellmune, three businesses in the US taste and nutrition sector, for US$735 million.[8]

In June 2021 Pilgrim's Pride agreed to buy Kerry Group's consumer foods meat and meals business.[9]

Operations

Headquartered in Tralee, County Kerry, Ireland, the Group employs over 26,000 people in its manufacturing, sales and technical centres worldwide.[2] Kerry's global headquarters is in Naas, County Kildare at the groups' €100 million Global Technology and Innovation Centre which employs 900 people.[10] Kerry supplies over 18,000 foods, food ingredients and flavour products to customers in more than 140 countries worldwide.[2] Kerry is a member of the European Flavour Association.[11]

Business structure

The Group is divided into several business areas: ingredients and flavours, consumer foods and agribusiness.[2]

Notable brands

Brands include:[12]

Rankings

In 2021, Kerry was on the list of Industry Outlook's Top 10 Food Additive Manufacturers,[14] in addition to being ranked second on the Top 20 Global Food Preservative Companies list by FoodTalks, a Chinese food media platform.[15]

See also

References
  1. "Annual Report 2019" (PDF). Kerry. Retrieved 2 September 2020.
  2. "Kerry's cathedral of discovery". Irish Examiner. 12 October 2015. Retrieved 24 January 2016.
  3. "Research Handbook on Sustainable Co-operative Enterprise: Case Studies of Organisational Resilience in the Co-operative Business Model". Edward Elgar Publishing. 2014. p. 73.
  4. "Purchase-hungry Kerry Group buys Quest for $440m". Irish Emigrant. 3 March 2004. Archived from the original on 1 February 2016. Retrieved 25 January 2016.
  5. "Kerry Group buys Noon Products". The Grocer. 9 August 2005. Retrieved 25 January 2016.
  6. "Kerry buys Cargill Flavor System for $230 million". Natural Products Insider. 23 September 2012. Archived from the original on 7 October 2016. Retrieved 25 January 2016.
  7. "Kerry Group gobbles up hot dog supplier Rollover". The Telegraph. 24 February 2015. Retrieved 25 January 2016.
  8. "Kerry Group Buys Three Food Companies for $735 Million". Powder and Bulk Solids. 19 October 2015. Retrieved 25 January 2016.
  9. "Kerry Group to sell consumer foods meat and meals business to Pilgrim's Pride". Reuters. 17 June 2021. Retrieved 17 June 2021.
  10. "Kerry Group to create up to 900 jobs in Kildare". RTÉ News. 9 October 2012. Retrieved 30 June 2016.
  11. "About EFFA". EFFA. Retrieved 3 March 2018.
  12. "Brands". Kerry Group. Archived from the original on 2 December 2016. Retrieved 24 January 2016.
  13. "Kerry expands portfolio with three acquisitions in United States". Food Business News. Retrieved 19 May 2017.
  14. "Top 10 Food Additive Manufacturers - 2021 | Industry Outlook". www.theindustryoutlook.com. Retrieved 12 January 2022.
  15. "2021年FoodTalks全球食品防腐剂企业20强揭晓：LANXESS，Kerry、天津东大位列前三！". we.foodtalks.cn. Retrieved 12 January 2022.{{cite web}}: CS1 maint: url-status (link)
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