In order to strengthen preservation system, Kerry Group plc (“Kerry”), has reached agreement to acquire Hare Topco, Inc. trading as Niacet Corp. for approximately $1 billion. Niacet is a global market leader in technologies for preservation.
- The addition of Niacet’s complementary capabilities will enhance Kerry’s food protection and preservation strategy to offer new products and technologies in a broader market.
- Niacet has leadership positions in Bakery and Pharma, and cost-effective low-sodium preservation systems for Meat and plant based food across both conventional and clean label solutions.
The major deals and expansions by Kerry are mentioned below:
June 2021: Kerry, had announced the opening of its new taste facility in Latin America, which will serve mainly Mexico, Central America, the Caribbean, and the Andean region.
Located in Irapuato, Mexico, the new state-of-the-art facility will significantly increase Kerrys capacity in the region and further support customers in delivering local and sustainable taste solutions.
This new site expands Kerrys offerings across a number of food and beverage categories, including refreshing and alcoholic beverages, snacks, meat, dairy and bakery.
March 2021: Kerry, had announced details of Project Amata, a new project with the United Nations World Food Programme (WFP), which aims to enhance the production and availability of safe, sustainable milk for children and communities in the Gitega province of Burundi.
Project Amata builds on the success of the previous WFP and Kerry partnership, Project Leche, which helped Honduran farmers create a safer and more sustainable milk supply, nourishing the health of over 7,500 thousand Honduran children, as well as enhancing economic opportunity and better living conditions for the community
Feb 2021: Kerry Group plc had announced to acquire the Spanish company Biosearch Life. Based in Granada, Spain and employing over 150 employees, Biosearch Life is a leader in the nutraceutical and functional food sectors. The company has an extensive range of probiotics and is a recognised leader in premium probiotics obtained from human breast milk (Hereditum® brand), scientifically backed innovative botanical extracts (Exxentia®) and natural omega-3 (Eupoly-3® brand).
About Kerry Group
Kerry Group, headquartered at Tralee, Ireland, is a global taste & nutrition company. Kerry is a leading nutrition partner for the food, beverage and pharmaceutical industries. The company has manufacturing footprint in 31 countries and serving customers in more than 150 countries. The group employs approximately 26,000 people including over 1,000 food scientists across the globe.