Irish consumer foods and ingredients company Kerry Group today (26 August) indicated that it has a number of potential acquisitions in the pipeline.
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A spokesperson for the company told just-food that despite a “quiet first half” Kerry’s expansion plans remain centred on acquisitive activity, with acquisitions “still very much part of our growth strategy”.
“Kerry Group has had a very active programme on the acquisition front over the past decade or so…. While the fist half was relatively quiet, we do have an active strategy of seeking out acquisitions and there are some very interesting opportunities out there,” the spokesperson said.
The company indicated that it expects that some of these deals will close in the second half of this year, while others may be completed in fiscal 2009.
However, Kerry declined to identify companies that it has set its sights on.
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By GlobalDataEarlier in the day, the Irish food group posted first-half sales of EUR2.3bn (US$3.47bn) and pre-tax profit of EUR132.8m.
