KERRY GROUP PLC

Kerry Group Plc



Kerry Group plc

Kerry Group plc (Kerry) is an Ireland based company engaged in consumer food products business. The company, through its subsidiaries develops, manufactures and delivers technology-based ingredients, flavors and integrated solutions for the food and beverage industries worldwide. The company operates in two reportable segments namely, Ingredients & Flavours and Consumer Foods. Ingredients & Flavours is a leading manufacturer and innovator of application specific food ingredients in the world. Consumer Foods is a leading supplier of added value chilled foods across Ireland and the UK.

Kerry Group plc - Financial Analysis Review is an in-depth business, financial analysis of Kerry Group plc. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed financial ratios of the company

Kerry Group plc is one of the main global suppliers of food ingredients and flavors as well as a leading processor and marketer of branded consumer foods mainly in Ireland and the United Kingdom. The Irish firm operates manufacturing plants in 19 countries, with sales of its 10,000-plus products reaching more than 140 countries. Kerry's ingredients operations, which generate around two-thirds of its overall revenues, supply multinational and other food processors with seasonings, coating systems, sweet ingredients, nutritional systems, fruit preparations, bakery ingredients, specialty proteins, and other ingredients and flavors. The balance of revenues is derived from the company's own branded food processing operations, which include processed meats and specialty poultry products (Ballyfree, Mattes-sons, Richmond, and Wall's), dairy products and juices (Dawn), dairy spreads (Low Low, Kerrymaid, and Move Over Butter), cheese and cheese snacks (Cheestrings and Golden Vale), chilled and frozen ready meals (Denny and Rye Valley), sandwiches (Freshways), chilled desserts (Dawn), and mineral water (Kerry Spring). Kerry also operates an agribusiness division, which represents the company's founding focus and is responsible for coordinating the company's 5,700-strong contingent of raw milk and other dairy suppliers. Geographically, Kerry derives about 65 percent of its revenues in Europe, 27 percent in the Americas, and 8 percent in the Asia-Pacific region. Kerry Co-operative Creameries Limited holds a 28 percent stake in Kerry Group.

Kerry Group traces its origins to the founding in 1972 of North Kerry Milk Products Limited (NKMP) to operate a newly built dairy ingredients processing plant in Listowel, County Kerry, Ireland. NKMP had three shareholders: Dairy Disposal Company, Ireland's state-owned dairy processing company, which owned a 42.5 percent stake; a federation of eight small farmer cooperatives in Kerry, which also owned 42.5 percent; and the U.S. firm Erie Casein Company, Inc., which held the remaining 15 percent. The company was set up to manufacture milk protein (casein), a dairy ingredient used in food processing, plastics, and glue. The plan was to export the casein to the United States, hence the involvement of Erie Casein. During its first year, NKMP produced 2,000 tons of casein from 16 million gallons of skim milk, earning profits of EUR 127,000 on sales of EUR ...