Kerry Group
Kerry Group[edit | edit source]
| Company type | Public limited company |
|---|---|
| Template:ISE | |
| Industry | Food processing |
| Founded | 1972 |
| Founder | Denis Brosnan |
| Revenue | Template:€7.2 billion (2020) |
| Template:€903 million (2020) | |
| Template:€805 million (2020) | |
Number of employees | 26,000 (2020) |
| Website | www.kerrygroup.com |
Kerry Group is a global food processing company headquartered in Tralee, County Kerry, Ireland. It was founded in 1972 by Denis Brosnan and has since grown to become one of the largest players in the food industry.
History[edit | edit source]
Kerry Group was established in 1972 when Denis Brosnan led a management buyout of the dairy processing division of the state-owned An Bord Bainne. The company initially focused on the production of dairy products, but later expanded into other areas of food processing.
In the following years, Kerry Group made several strategic acquisitions to diversify its product portfolio and expand its global presence. These acquisitions included the purchase of Golden Vale in 2001, Quest in 2004, and Cargill Flavor Systems in 2011.
Operations[edit | edit source]
Kerry Group operates in over 150 countries worldwide and has a diverse range of products and services. The company's main business segments include:
- Taste & Nutrition: This segment focuses on developing and manufacturing innovative ingredients and flavors for the food and beverage industry. It offers a wide range of products, including seasonings, sauces, and functional ingredients.
- Consumer Foods: Kerry Group produces and markets a variety of branded food products for the retail and foodservice sectors. Its product portfolio includes meat products, dairy products, and convenience foods.
Financial Performance[edit | edit source]
In 2020, Kerry Group reported a revenue of €7.2 billion, with an operating income of €903 million and a net income of €805 million. The company's strong financial performance can be attributed to its global presence, diversified product portfolio, and focus on innovation.
Sustainability Initiatives[edit | edit source]
Kerry Group is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility. The company has set ambitious targets to reduce greenhouse gas emissions, water usage, and waste generation across its operations.
See Also[edit | edit source]
References[edit | edit source]
External Links[edit | edit source]
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