The Meats and Meals business is a provider of convenience food solutions. The financial results for the year ended December 31, 2020, were revenue of €828 million, EBITDA of €86 million and profit before tax of €63 million.

The Meats business is a manufacturer of branded and private label meats, meat snacks, food-to-go and meat-free products in the UK and Ireland. Its brands include Richmond, Denny, Galtee, Fridge Raiders and Rollover.

Edmond Scanlon, CEO of Kerry, said: “This transaction further enhances Kerry’s focus as a leading business to business ingredient solutions provider for the food, beverage and pharmaceutical markets.”