StockMarketWire.com - Consumer foods group Kerry said Friday it had reached agreement to acquire Ariake USA, and Southeastern Mills for a total of about €325m.

These acquisitions would further enhance the Kerry's foundational technology portfolio, and strengthened its foodservice positioning in line with strategic growth priorities, the company said. These acquisitions have annualised pro-forma third-party revenues of approximately €125m.

Ariake USA, producer of natural clean label savoury taste solutions would support Kerry's extensive taste and clean label portfolio, whilst also complementing the group's from-food-for-food heritage, the company said.

At 9:31am: [LON:KYGA] Kerry Group PLC share price was -1.55p at 87.8p



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