Kerry Group
Type | Public limited company |
---|---|
Euronext: KRZ LSE: KYGA | |
Founded | 1972Listowel, Kerry, Ireland | in
Headquarters | Tralee, Kerry, Ireland |
Key people | Philip Toomey, (Chairman) Edmond Scanlon, CEO |
Products | Food 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] |
Website | www.kerrygroup.com |
Kerry Group plc is a public food company headquartered in Ireland. It is quoted on the Dublin ISEQ and London stock exchanges.
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 (42.5%) and Erie Casein Company Inc. from the US (15%).[2]
In March 2004, the company bought the Quest Food Ingredients Group, a food ingredients business, for US$440 million.[3] Then in August 2005, the company acquired Noon Products, a supplier of Indian and Thai ready meals, for £124m.[4]
In September 2012, the company acquired Cargill Flavor Systems, a manufacturer of food flavouring, for $230 million.[5]
In February 2015 the company acquired Rollover, a supplier of hot dogs.[6] 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.[7]
In June 2021 Pilgrim's Pride agreed to buy Kerry Group's consumer foods meat and meals business.[8]
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.[9] 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.[10]
Business structure[]
The Group is divided into several business areas: ingredients and flavours, consumer foods and agribusiness.[2]
Notable brands[]
Brands include:[11]
- Low Low
- Cheestrings
- Dairygold
- Charleville
- Denny
- Richmond
- Wall's
- Mattessons
- Fire & Smoke
- Golden Dipt
- Yollies
- Big Train
- Oregon Chai
- Island Oasis
- DaVinci Gourmet[12]
See also[]
References[]
- ^ Jump up to: a b c d "Annual Report 2019" (PDF). Kerry. Retrieved 2 September 2020.
- ^ Jump up to: a b c d "Kerry's cathedral of discovery". Irish Examiner. 12 October 2015. Retrieved 24 January 2016.
- ^ "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.
- ^ "Kerry Group buys Noon Products". The Grocer. 9 August 2005. Retrieved 25 January 2016.
- ^ "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.
- ^ "Kerry Group gobbles up hot dog supplier Rollover". The Telegraph. 24 February 2015. Retrieved 25 January 2016.
- ^ "Kerry Group Buys Three Food Companies for $735 Million". Powder and Bulk Solids. 19 October 2015. Retrieved 25 January 2016.
- ^ "Kerry Group to sell consumer foods meat and meals business to Pilgrim's Pride". Reuters. 17 June 2021. Retrieved 17 June 2021.
- ^ "Kerry Group to create up to 900 jobs in Kildare". RTÉ News. 9 October 2012. Retrieved 30 June 2016.
- ^ "About EFFA". EFFA. Retrieved 3 March 2018.
- ^ "Brands". Kerry Group. Archived from the original on 2 December 2016. Retrieved 24 January 2016.
- ^ "Kerry expands portfolio with three acquisitions in United States". Food Business News. Retrieved 19 May 2017.
External links[]
- Kerry Group
- Food companies of the Republic of Ireland
- Companies listed on Euronext Dublin
- Flavor companies
- Former cooperatives
- Demutualized organizations
- Tralee
- Food and drink companies established in 1972
- Irish companies established in 1972
- Cooperatives in the Republic of Ireland