Kerry Group suspends talks with Kerry Co-Operative regarding dairy business

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Kerry Group has confirmed that talks with Kerry Co-Operative Creameries pertaining to a potential transaction for its dairy-related businesses in Ireland and the UK have been suspended.

The company in February 2021 had announced that it is carrying out a strategic review of the businesses, which has activities across taste and nutrition and consumer foods businesses.

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Kerry Group said that the strategic review continues and that there is no assurance that this will lead to a deal. The company plans to provide a further update on the strategic review process later this year.

Kerry Group suspends talks with Kerry Co-Operative regarding dairy business

Kerry Group suspends talks with Kerry Co-Operative regarding dairy business. Photo courtesy of Hajotthu/Wikipedia.org.

In February 2021, the Irish taste and nutrition company announced plans to acquire Spanish probiotic producer Biosearch Life.

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