Kerry Group

Kerry Group

Kerry Group plc

Type	Public limited company
Traded as	BIT: {{{2}}}
Industry	Food processing
Revenue	€7.2 billion (2020)
Operating income	€903 million (2020)
Net income	€805 million (2020)
Employees	26,000 (2020)
Website	[www.kerrygroup.com Official website]

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

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

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

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

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

• Denis Brosnan
• An Bord Bainne
• Golden Vale
• Quest
• Cargill Flavor Systems

External Links

• Official website