KERRY GROUP PLC

Description

Kerry Group PLC is a leading global food corporation that provides taste and nutrition solution for the food, beverage, and pharmaceutical market. Established in 1972, Kerry started its operations in Listowel, Kerry, Ireland. Later, the headquarters were shifted to Tralee city of Ireland.  In 1986, Kerry got listed in Dublin Stock Exchange as “EURONEXT: KRZ” and in 1990, Kerry’s stock got listed on the London Stock Exchange.

Kerry’s main objective is to provide its customers with natural and sustainable taste and nutrition solutions for a greater and lasting impact. Kerry believes that food can bring people, culture, countries, and generations together. With the help of research and technology, Kerry is trying to predict the future needs, growth opportunities, innovation to serve its diversified customers around the world.  Kerry serves over a billion customers with balanced and positive nutrition solution and wants to leave a positive impact in the life of 2 billion people by 2030. Kerry sells its products and services in more than 150 countries, have 149 production locations across the world and employs around 26,000 people.

The Kerry’s main operations can be divided into two major wings: Taste & Nutrition and Consumer foods. The Taste and Nutrition division is the world’s leading provider of food, beverage, and pharmaceutical market. In 2020, the foods unit contributed around 70% of the total revenue, beverages contributed 25% and pharma contributed 5%. The company has its presence in the US, Europe and APMEA.

The consumer food segment primarily provides chilled food products in the Irish and UK markets and is leading manufacturer in this segment. The Kerry food brand includes brands like Dairygold, Richmond, Fridge Raiders, Cheestrings and Denny. Kerry Foods has manufacturing plants in Ireland and UK with a vast distribution network. The Taste and nutrition division contributed 82% of the revenue, while 18% is contributed by consumer foods division.