Kerry Group said today (6 June) that further restructuring of its operations is in the offing as it looks to streamline the business after a wave of acquisitions.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The Irish foods, flavours and ingredients producer is partway through a review designed to make the business run more efficiently.
The company’s latest measure is to end the production of ready meals at its site in the UK town of Durham, a move that could lead to the loss of 170 jobs.
A Kerry spokesman said the Durham site would remain open and continue to produce a range of cooked meats and convenience products. Kerry’s ready meals output in the UK will be focus on its sites in Burton and in north London.
The spokesman said: “Kerry Foods has grown significantly through acquisitions in the last ten years and expanded across a range of food categories. We’re coming to the end of a review we announced 12 months ago; the vast bulk of it has been done but there are some pieces left to go.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataKerry, maker of Richmond’s sausages, has acquired a number of facilities over the last decade through bolt-on acquisitions and wants to streamline its business, the spokesman added.
