Kerry Group goes on a $735m buying spree to boost its taste and nutrition portfolio

By Elaine Watson contact

- Last updated on GMT

Picture: Istockphoto, Rene Mansi
Picture: Istockphoto, Rene Mansi

Related tags: Immune system

Kerry Group has splashed out a cool $735m on three US-based companies to expand its taste and nutrition portfolio:  Red Arrow Products, Island Oasis and Biothera Inc's Wellmune business.

In the financial year 2014, the businesses being acquired had annual revenues of $301m and earnings before interest, taxation, depreciation and amortization (EBITDA) of $59m.

Wisconsin-based Red Arrow Products​ is a leading supplier of natural smoke flavors and natural savory grill flavors serving meat, culinary and food industry markets worldwide.

Massachusetts-based Island Oasis​ makes all-natural premium cocktail mixes and customized beverage solutions serving 'on-premise', restaurant, leisure and hospitality segments of the U.S. market.  

Biothera Inc.'s Wellmune ​business produces and markets the Wellmune beta-glucan ingredient, which is claimed to strengthen the immune system. Derived from the cell wall of a proprietary strain of baker’s yeast, Wellmune WGP ‘primes’ the innate immune system - the body’s first line of defense against invasion by bacteria and viruses – and can withstand wide pH ranges, high temperatures and harsh processing conditions.

Kerry Group CEO Stan McCarthy said the acquisitions “bring a number of important innovative technology platforms to Kerry”.

Related products

show more

ADM Sustainability & Integrated Supply Chain

ADM Sustainability & Integrated Supply Chain

ADM: Gain an Edge with Global Consumer Trends | 07-Nov-2022 | Technical / White Paper

Wondering how to meet your climate goals? Find out how through increased investment in regenerative agriculture and other programs ADM can help you reduce...

2023 Global Consumer Trends Report

2023 Global Consumer Trends Report

ADM: Gain an Edge with Global Consumer Trends | 07-Nov-2022 | Insight Guide

Are you keeping up with the latest consumer trends? Uncover the 8 key global growth drivers shaping the future of innovation in ADM’s 3rd Annual Global...

Add sparkle and magic to your next product

Add sparkle and magic to your next product

Glanbia Nutritionals | 28-Oct-2022 | Product Presentation

93% of consumers cite appearance as the most important purchasing factor when it comes to food, creating a market focused on the use of bright colors to...

Great mouth feel with plant-based appeal

Great mouth feel with plant-based appeal

ADM | 26-Oct-2022 | Case Study

Put Stabrium™ to work for you. After extensive development comes our Stabrium™ portfolio with the body, thickness and mouthfeel consumers expect in dairy...

Related suppliers

Follow us

Products

View more

Webinars