Ingredients, flavours and consumer foods group Kerry has bought a British ready meals business for £125m (US$222m), according to the Irish Business World website, which cited a report in the Sunday Business Post newspaper.
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The purchase of Noon was tied up last week, the Sunday Business Post said, but it hd not yet been announced.
Noon produces Indian style dishes in a factory at Southall in London.
It was taken private by a buyout group in 2001, the paper said, and is now being sold by a private equity group. The purchase will strengthen Kerry’s position in the branded foods arena, where it already owns Mattesons, Denny, Dawn and Ballyfree.
