Kerry Group Sells Kerry Dairy Ireland to Kerry Co-op for €500m

Kerry Group Sells Kerry Dairy Ireland to Kerry Co-op for €500m

November 12, 2024 Catherine Williams - Chief Editor Business

Kerry Group to Sell Dairy Division to Kerry Co-op in €500m Deal

Kerry Group has agreed to sell its dairy division, Kerry Dairy Ireland, to Kerry Co-op for €500 million. This deal marks a significant transformation for Kerry Group, shifting its focus from dairy operations to a more diversified ingredients business. The transaction involves Kerry Co-op purchasing the dairy division from Kerry Group, ensuring a smooth transition of the dairy business and cementing Kerry Co-op’s position in the Irish dairy market.

Key Details:

  • Sale Value: €500 million
  • Buyer: Kerry Co-op
  • Selling Entity: Kerry Group’s dairy division (Kerry Dairy Ireland)
  • Purpose: To transform Kerry Group into a more ingredients-focused company while Kerry Co-op expands its dairy operations[4].

This agreement demonstrates strategic planning and collaboration between Kerry Group and Kerry Co-op, aiming to enhance the overall efficiency and sustainability of the dairy industry in Ireland. The sale further reflects the growing interest in consolidating agricultural businesses to ensure stable and competitive operations within the market.