Kerry Group and Glanbia have refused to be drawn on reports that they are among six bidders for Irish firm Breeo Foods.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Breeo, the company behind brands including Dairygold and Mitchellstown, has reportedly attracted bids of up to EUR160m (US$234m).
According to the Irish Independent, Kerry and Glanbia have joined four private equity firms in the race to buy Breeo, which is owned by Ireland’s Reox Holdings.
Reox declined to comment when contacted by just-food today (15 November). The company has so far made no public comment on the potential sale of its Breeo business since it received an unsolicited bid from a mystery suitor last month.
Reports in Ireland have named private equity firm Ion Equity as the party behind the bid. Officials at the private equity firm in Ireland could not be reached for comment as just-food went to press.
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 GlobalDataA spokesman for Kerry stayed tight-lipped on whether the company is interested in Breeo. “Kerry is often associated with transactions in Ireland and we never comment on whether or not we are interested,” he told just-food.
A Glanbia spokesperson was equally coy, calling the results “pure speculation” and refusing to comment further.
However, just-food understands that Glanbia is unlikely to be one of the bidders for Breeo.
