The offer values the entire issued ordinary share capital plus debt of Newmarket Creameries at approximately €33m, and is subject to:
“Kerry has market-leading cheese technology capability and a leading cheese brand portfolio, including its Charleville, Coleraine, Low Low and Cheestrings brands,” said Stan McCarthy, Kerry Group chief executive. “The group has a longstanding business relationship with Newmarket Creameries and high regard for Newmarket cheesemaking competency.
“Combining Kerry and Newmarket represents a positive growth and business development opportunity in the interest of all stakeholders in both companies.”
Source: Kerry Group
FoodBev Media Ltd 2015