Kerry Group continues US expansion

Business, Finance | Fri 16 Oct | Author – Business & Finance
Stan McCarthy Kerry Group
Stan McCarthy, chief executive, Kerry Group

Consumer foods company Kerry Group has announced the acquisitions of US-based Red Arrow Products, Island Oasis and Biothera’s Wellmune business for $735m.

The companies are in the nutrition solutions area and Kerry Group continues to expand its US portfolio, and the three acquisitions could add around $300m to Kerry’s annual revenues.

Red Arrow Products, headquartered in Wisconsin, is a leading supplier of natural smoke flavours and authentic natural savoury grill flavours serving meat, culinary and food industry markets worldwide.

Biothera’s Wellmune business produces and markets the unique immune strengthening Wellmune-branded natural food, beverage and supplement ingredients

With facilities located in Massachusetts, Ohio and New York, Island Oasis develops all-natural premium cocktail mixes and customised beverage solutions to the US market.

Stan McCarthy, chief executive, Kerry Group, said: “The acquisitions of Red Arrow, Island Oasis and Wellmune, as well as significantly expanding our taste and nutritional solutions portfolio, bring a number of important innovative technology platforms to Kerry. Complementing our existing taste and nutrition leadership positioning and growth strategies, the businesses being acquired present tremendous growth opportunities throughout Kerry’s global developed and developing markets.”