Kerry Group
Kerry Group
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Kerry Group

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Kerry Group

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

Given the company's origins in the co-operative movement, farmer-suppliers of the company retain a significant interest in the company.

Kerry was founded in 1972 in Listowel, County Kerry as a private company (North Kerry Milk Products) 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%).

In 1986, a significant milestone in the formation of the public limited company 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. It floated on the Irish Stock Exchange at a price of 52p per share.

Kerry Group has a long history of acquisitions. In 1982, the company acquired pork manufacturer Duffy Meats and Henry Denny & Sons. In 1988, it acquired Beatreme Food Ingredients, a division of the Beatrice Corporation for $130m. In 2000, it acquired Shade Foods Inc, a US sweet ingredients provider for US$80 million, Armor Foods, a savory flavorings company for US$35 million and Solnuts, a provider of value-added soy-based nutritional ingredients.

In March 2004, the company bought the Food Ingredients division of Quest International, for US$440 million. Then in August 2005, the company acquired Noon Products, a supplier of Indian and Thai ready meals, for £124m.

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

In February 2015, the company acquired Rollover, a supplier of hot dogs. 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.

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