Kerry Group

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Kerry Group plc
Public company
Traded as ISEQKRZ, LSEKYGA, OTC Pink: KRYAY
Founded 1972; 45 years ago (1972) in Listowel, Ireland
Headquarters Tralee, Ireland
Key people
Stan McCarthy – Group CEO
Flor Healy – CEO of Kerry Foods
Gerry Behan – President & CEO of Kerry Ingredients & Flavours
Brian Mehigan Group CFO
Products Food Ingredients and Flavours
Cheese and cheese snacks
Ready meal
Sausages
Cooked meats
Dairy Spreads
Water and juices
Revenue €6.104 billion (2015)[1]
€662.7 million (2015)[1]
€525.4 million (2015)[1]
Number of employees
24,000[2]
Website www.kerrygroup.com

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

Kerry headquarters Tralee

History[edit]

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%).[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 2011 the company acquired Cargill Flavor System, 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]

Operations[edit]

Headquartered in Tralee, County Kerry, Ireland, the Group employs about 24,000 people in its manufacturing, sales and technical centres worldwide.[3] Kerry's Global Headquarters is based in Naas, County Kildare at the groups' €100 million Global Technology and Innovation Centre which employs 900 people.[9] Kerry supplies over 15,000 foods, food ingredients and flavour products to customers in more than 140 countries worldwide.[3]

Business structure[edit]

The Group is divided into several business areas:[3]

Notable brands[edit]

Brands include:[10]

See also[edit]

References[edit]

  1. ^ a b c "KG Annual Report 2015" (PDF). Kerry. Retrieved 30 June 2016. 
  2. ^ "Investor FAQ". Kerry Group. Retrieved 30 June 2016. 
  3. ^ a b c d "Kerry's cathedral of discovery". Irish Examiner. 12 October 2015. Retrieved 24 January 2016. 
  4. ^ "Purchase-hungry Kerry Group buys Quest for $440m". Irish Emigrant. 3 March 2004. 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 2011. 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 create up to 900 jobs in Kildare". RTÉ News. 9 October 2012. Retrieved 30 June 2016. 
  10. ^ "Brands". Kerry Group. Retrieved 24 January 2016. 
  11. ^ "Kerry expands portfolio with three acquisitions in United States". Food Business News. Retrieved 2017-05-19. 

External links[edit]