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Kerry of Ireland buys three U.S. businesses for $735 million

Staff writer |
Kerry Group of Ireland announced the acquisitions of U.S. based Red Arrow Products, Island Oasis and Biothera's Wellmune busines for $735 million.

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In the financial year 2014, the businesses being acquired had annual revenues of $301m and earnings before interest, taxation, depreciation and amortisation (EBITDA) of $59m. Kerry Group will finance the acquisitions from existing lines of credit.

Red Arrow Products is a leading supplier of natural smoke flavours and authentic natural savoury grill flavours serving meat, culinary and food industry markets worldwide.

Headquartered in Manitowoc (WI), Red Arrow operates from manufacturing facilities in Manitowoc (WI) and Rhinelander (WI) supported by Application & Development Centres in Germany and Sweden.

Island Oasis is a category leading provider of all-natural premium cocktail mixes and customised beverage solutions serving 'on-premise', restaurant, leisure and hospitality segments of the U.S. market.

Distributed and marketed though national and regional chains, QSR's and independents; the Island Oasis portfolio includes innovative frozen and shelf-stable fruit purées, coffee blends, performance nutrition beverage systems and customised 'on-premise' beverage equipment.

Headquartered in Walpole (MA), the business operates from manufacturing facilities in Byesville (OH) and Buffalo (NY).

Biothera Inc.'s Wellmune business produces and markets the unique Wellmune® branded natural food, beverage and supplement ingredient clinically proven to strengthen the immune system - improving health and wellness.

Kosher, Halal, non-allergenic, GMO-free, gluten-free and 'Informed Sport' certified, Wellmune is formulated in a growing number of food, beverage and supplement products in more than fifty countries throughout the world.

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