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Kerry goes on a spending spree with (€325m) $367m deal to acquire Ariake USA and Southeastern Mills NA coatings and seasonings business

By Elaine Watson contact

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Kerry goes on a spending spree with (€325m) $367m deal to acquire Ariake USA and Southeastern Mills NA coatings and seasonings business

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Kerry has struck a c.€325m (c.$367m) deal to acquire Ariake USA, the North American Business of Ariake Japan Co., and Southeastern Mills North American coatings and seasonings business (SEM).

Ariake USA​ produces natural clean label savory taste solutions derived from poultry, pork and vegetables at its facility in Harrisonburg, Virginia; while SEM​ manufactures coatings and seasonings from its site in Rome, Georgia.

The acquisitions – which come hot on the heels of Kerry's deal​to acquire Fleischmann's Vinegar Company and AATCO Food Industries - boost Kerry’s foundational technology portfolio and strengthen its presence in the foodservice market, said the firm. 

The latest acquisitions have annualized pro-forma third-party revenues of approximately €125m (c.$141m).

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