McCann FitzGerald LLP advises Kerry Co-Operative Creameries in connection with its acquisition of Kerry Dairy Ireland

We are pleased to have advised Kerry Co-Operative Creameries in connection with its agreement to acquire Kerry Dairy Ireland, the consumer foods products, dairy ingredients and related agribusiness products and services business, from Kerry Group PLC for a total expected consideration of €500 million.

Kerry Co-Op will initially acquire a 70% stake in Kerry Dairy Ireland, with an option to acquire the remaining 30% stake in forthcoming years. The acquisition is subject to customary regulatory approvals and approval by the members of Kerry Co-Op and the shareholders of Kerry Group PLC.

The McCann FitzGerald LLP team was led by Alan Fuller along with Stephen Fuller, Brendan Murphy, Gill Lohan, Jerome Kennedy, Clodagh Murray, Tim McGuiness, Aoife McCarthy, Moya O’Dowd, William Trueick, Riona Connaughton, Eve Pijl and Sean Dillon from the Corporate team, with additional support throughout the Firm, in particular Eamon de Valera, Mark O’Connor, Patrick Murphy and Heather Casey (Debt Finance), Adam Finlay and Ruth Hughes (Technology and Innovation), Catherine Austin, Eleanor Cunnigham and India McGirr (Pensions), Donal Hamilton and Jack Larkin (Employment), Conor Cunnigham (Litigation), Donal O'Raghallaigh and Luke Scully (Real Estate), Maeve MacDermott Casement and Lara Finnegan (Construction), Sinéad Martyn and Kieran Mulligan (Environmental and Planning), Alan Heuston and Caitriona Callanan (Tax).

Congratulations to all in Kerry Co-Operative Creameries and Kerry Group.