Kerry Foods is understood to have seen its plan to buy Irish firm Breeo Foods hit a stumbling block over price.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Last month, just-food reported that Kerry was close to signing a EUR171m (US$249.7m) deal to buy Breeo, according to a source familiar with the situation.
However, talks between the two sides are believed to have stalled with price rumoured to be a potential stumbling block.
A spokesman for Reox Holdings, the owner of Breeo Foods, refused to be drawn on the speculation but said the company would not agree to a sale unless there was “compelling value benefit to shareholders”.
Kerry remained tight-lipped over the affair. “We have never commented on speculation at any stage,” a spokesman said.
Breeo owns brands including Dairygold butter and Shaw’s deli meats.
