Kerry, the global taste & nutrition and consumer foods group, in conjunction with its Investor Day in Singapore, has announced it has reached agreement to acquire Fleischmann's Vinegar Company Inc and AATCO Food Industries LLC. These acquisitions further expand the Croup's foundational technology portfolio, as well as strengthening its foodservice and developing markets positioning, in line with its strategic growth priorities. Total consideration for the acquisitions is expected to be €365m. These acquisitions have annualised revenues of approximately €150m. The Croup will finance the acquisitions from existing lines of credit and it is anticipated that the transactions will be completed prior to year- end, subject to routine regulatory and closing conditions.
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