Kerry Group Acquires Niacet for $1.015B
June 21, 2021
SK Capital’s affiliate agreed to sell Niacet Corp. to Kerry Group plc for $1.015 billion on a cash-free, debt-free basis, subject to customary closing adjustments. Niacet will be integrated into Kerry’s global food protection and preservation platform, and the deal was expected to close by the end of Q3 2021 pending approvals.
- Buyers
- Kerry Group plc
- Targets
- Niacet Corp.
- Sellers
- An affiliate of funds advised by SK Capital Partners, LP (SK Capital)
- Industry
- Food & Beverage
- Location
- United States
- Transaction Type
- Buyout
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