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Kerry Group agrees €107.5m deal to acquire cheese business from Kraft Heinz

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Kerry Group has agreed a deal of more than €100 million to acquire a powdered cheese business in the US. ​The Irish firm has reached a deal with Kraft Heinz, the US consumer foods conglomerate, to buy its B2B powdered cheese business for $107.5 million

Kerry Group, the taste and nutrition giant, has agreed a deal of more than €100 million to acquire a powdered cheese business in the US.

The Irish multinational announced on Tuesday it had reached a deal with Kraft Heinz, the US consumer foods conglomerate formed after the merger of Heinz and Kraft Foods in 2015, to buy its business to business powdered cheese business for $107.5 million .

 

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