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Kerry Group Considering Options For UK And Ireland Dairy Business

Food and ingredients company Kerry is undertaking a strategic review of its dairy business in Britain and Ireland, which may lead to a transaction in the coming months, its chief executive said on Tuesday.

The review would consider dairy production and consumer food assets with an annual revenue of around €900 million, Edmond Scanlon said in an interview.

"We're taking a stand back and doing a strategic review. Evaluating several options. One of those options could lead to a transaction but may not lead to a transaction," he added.

Scanlon said, adding the process could take several months and may not conclude until the second half of the year.

News by Reuters edited by Donna Ahern, Checkout. Click subscribe to sign up for the Checkout print edition.

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