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Kerry Group To Acquire "Global Market Leader In Technologies For Preservation" 'Niacet' For Over €850 Million

File Image: Kerry Group Logo/Twitter @WeAreKerry

On cash-free, debt-free basis

Kerry Group, whose Global Technology and Innovation Centre is based in Naas, has announced it's acquisition of Hare Topco for over €850 million.

This morning, the food company released a statement noting it will acquire Hare Topco, trading as 'Niacet', "a global market leader in technologies for preservation", for €853 million, "on a cash-free, debt-free basis".

'Niacet' has customers in over 75 countries worldwide, including manufacturing sites in the US & The Netherlands.

The deal is expected to close by the end of the third quarter of 2021, "subject to customary closing conditions and regulatory approvals".

 

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