Kerry May Sell Dairy Business as CEO Scanlon Orders Review
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Kerry Group Plc is exploring a potential sale of what was once its bedrock dairy business as it seeks to cement its position into a global ingredients player.
A strategic review of the U.K. and Ireland dairy business is under way, Tralee-based Kerry said in a statement on Tuesday. Bloomberg News earlier reported that the company’s consumer food business could be sold. There’s no certainty that the review will lead to a transaction, Kerry said in a statement.