History of Kerry Group

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History of Kerry Group

Kerrys origins date back to 17 when as a private company, three shareholders; the State owned Dairy Disposal Company, a Federation of eight small farmer Co-operatives in Kerry and the Erie Casein Company Inc. from the US, committed to invest approximately €00,000 to finance a €1 million dairy processing facility in Listowel, Co. Kerry, for the manufacture of milk protein (casein) for export to the U.S.A.

In 17 Ireland joined the European Economic Community (EEC) and this accelerated the merger of many small dairies in Ireland so as to be able to compete with the larger milk companies in the existing EEC.

In the period 174 - 17 Kerry expanded its milk business in a similar fashion to other dairy Co-ops but did so on a consistently profitable basis.Cheap custom writing service can write essays on History of Kerry Group

18 was an important year for Kerry when it was decided to establish US and UK headquarters - opening offices in the Hancock Centre in Chicago and in London.

A major milestone was the formation of Kerry into a Public Limited Company (Kerry Group plc) by acquiring the undertaking, property and assets of the Co-op and as a consideration 0 million ordinary shares in Kerry Group plc were issued to the Co-op. Then in October 186 a public offering of shares in Kerry Group plc was made at €66c (IR 5 pence) per share and the shares were listed on the Dublin stock exchange.

Kerry broadened its European customer base through a combination of organic growth and strategic throughout the years.

Kerry Foods has developed a unique capability to deliver convenience, quality, value and choice to todays discerning consumers through constant product innovation.

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