IRCA (Advent) Acquires Kerry's Sweet Ingredients Portfolio
September 13, 2024
IRCA, an Advent International portfolio company, has agreed to acquire the trade and assets of Kerry Group’s Sweet Ingredients Portfolio for approximately €500 million (€375m cash plus a €125m vendor loan note). The deal—an add-on to IRCA’s platform—covers 10 manufacturing facilities across the US and Europe, expands IRCA’s product and geographic footprint in bakery, cereal, confectionery, dairy and ice cream end markets, and is subject to regulatory approvals and employee consultations.
- Buyers
- IRCA, Advent International
- Targets
- Sweet Ingredients Portfolio (Kerry Group)
- Sellers
- Kerry Group plc
- Platforms
- IRCA
- Industry
- Food & Beverage
- Location
- Ireland
- Transaction Type
- Addon
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