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.
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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.”
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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.
