Kerry Group PLC Kerry acquires Proexcar S.A.S. (2119B)
31 Mai 2023 - 03:46PM
UK Regulatory
TIDMKYGA
RNS Number : 2119B
Kerry Group PLC
31 May 2023
31 May 2023
LEI: 635400TLVVBNXLFHWC59
KERRY GROUP
Kerry acquires Proexcar S.A.S.
Kerry Group plc ("Kerry"), the global taste & nutrition
company, announces it has acquired 100% of the share capital of
Proexcar S.A.S. ("Proexcar") for an initial consideration of US$44m
subject to routine closing adjustments, with a potential additional
payment of up to US$18m payable in 2025 based on achieving earn-out
conditions. Located in Colombia with c. 120 employees, the company
has leading natural functional systems technologies, which can
deliver clean label solutions into protein applications. This
acquisition strengthens Kerry's offering and leadership position
within the overall LATAM meat market, while also providing a
platform for strategic development within the ANDEAN region.
ENDS
About Kerry
Kerry is a world leading taste and nutrition partner for the
food, beverage and pharmaceutical markets. We innovate with our
customers to create great tasting products, with improved nutrition
and functionality, while ensuring better impact for the planet. Our
leading consumer insights, global RD&A team of 1,100+ food
scientists and extensive global footprint enable us to solve our
customers' complex challenges with differentiated solutions. At
Kerry, we are driven to be our customers' most valued partner,
creating a world of sustainable nutrition, and to reach over 2
billion consumers with sustainable nutrition solutions by 2030. For
more information, visit www.kerry.com .
CONTACT INFORMATION
=============================================
Investor Relations
Marguerite Larkin , Chief Financial
Officer
+353 66 7182292 | investorrelations@kerry.ie
William Lynch , Head of Investor
Relations
+353 66 7182292 | investorrelations@kerry.ie
Media
Catherine Keogh , Chief Corporate
Affairs & Brand Officer
+353 45 930188 | corpaffairs@kerry.com
Website
www.kerry.com
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END
ACQXFLFXXELZBBX
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May 31, 2023 09:46 ET (13:46 GMT)
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