Kerry expands Chinese footprint with €91m acquisition of Shanghai food business

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Irish food giant has been strengthening its position in Asia’s rapidly expanding food market

The deal involved an initial consideration of RMB720 million but it also includes potential additional payments of up to RMB780 million payable across the next three years “if certain performance conditions are met across each of these years,” Kerry said.

“Greatang’s expertise strengthens and expands Kerry’s strategic positioning and capability as an innovation partner for local and international customers in China,” it added.

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