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Kerry Group acquires Colombia headquartered Proexcar for up to $62 million

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Kerry Group has paid an initial consideration of $44 million for a 100 per cent share capital in the company

Kerry Group, the global taste and nutrition company, has acquired the 100 per cent share capital of Proexcar for an initial consideration of $44 million.

Located in Colombia, with around 120 employees, the company produces and markets raw materials and supplies used in the preparation of food for human consumption. There is the potential that Kerry Group will make an additional payment of up to $18 million payable in 2025 based on achieving earn-out conditions, ...

 

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