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Transcript of Kerry_foods 28/08/12
Kerry is formed with the commissioning of a dairy processing facility in Listowel, Co. Kerry, for the manufacture of milk protein.
Kerry acquires 11 dairies in Ireland to become one of 6 major agricultural co-operatives
As a result, a 5 year corporate plan is defined and agreed. R&D becomes a priority, overseas offices are opened and the search for suitable acquisitions begin.
Problems with weather and cattle cause a 20% loss in milk supply, and thus the company decides to reduce its reliance on dairy products and diversify into more ‘value added’ activities on a global scale.
1979 - 1980
Kerry diversifies into meat convenience products acquiring Irish brand Denny and savoury products business.
Opens UK & USA headquarters
Kerry realises the potential in milk protein as an ingredient and seeks to establishing itself as an ingredients manufacturer.
To fund future growth and development the concept of Kerry Group plc emerges and is launched as a public company on the Dublin and London stock markets.
Acquires AE Button & Miller-Robirch
With the acquisition of Eastleigh Flavours and Tingles Ltd, Kerry becomes a leading supplier to the UK and mainland European snack food and food processing industries.
Acquires Homepride Baking & Green’s
Acquires Mattessons & Wall’s
Commissions factories to manufacture Ready Meals, sliced cooked meats and branded snacking production.
Flor Healy becomes
CEO of Kerry Foods
Acquires Noon Group Ltd
Acquires G Adams Pastry
Acquires Headland Foods
Kerry Group is a global leader in the foods and ingredients markets, as well as a
market leader in branded and consumer branded chilled foods.
150 manufacturing sites in 25 countries
13 - manufacturing sites in the UK
Makes well over 15,000 ingredients including:
- McDonalds cheese slices
- Colonel Sanders secret recipe
- Honeycomb in Nestle Maltesers
With over 30,000 shareholders 2012 results announced sales revenue increased by 10% to €2.9bn, with half year trading profits reported at €241 mn
Kerry group has grown by over xxx in the past 15 years.
To date the group has made over 100 acquisitions including 19 food companies and 84 food ingredients companies.
Employs over 23,000 people globally
Kerry Foods Direct to Store forms in Andover, operating vans out of 36 Depots nationwide, delivering predominately Kerry Brands to retailers, up to 5 days a week.
Kerry DTS starts to expand the range of third party brands into its portfolio.
Convenience starts to experience growth.
The concept of Kerry Wholesale is implemented and the first pricebook is produced
Delivery service extends from 5-6 days a week, due to Kerry Foods DTS launching fresh sandwiches.
The major multiples start trading in convenience. The first standalone Tesco Express opens.
Tesco acquires stores from Dillions/TNS/Day & Nite and One Stop is born.
Kerry Foods DTS moves its Support Office from Andover to Swindon and opens up its 2nd RDC in Swindon
Kerry Foods Direct to Store loses
One Stop Contract.
Kerry Foods Direct to Store start trading with One Stop again on a contract + model
Kerry consolidates its depots from
31 to 26 to drive efficiencies
One Stop acquire 77 Mills Stores
Tony Reed joins as CEO of One Stop
M Local and Little Waitrose enter the convenience market
DTS upgrades HHT software
Darren Haynes moves from Head of Pastry operations to become Operations Director of Meat & Savoury
Dave Hayward moves from Sales Director of Noon factory to become Sales Director at Kerry Foods DTS
Phil Stone becomes National Account Manager of One stop account
One Stop total fresh range review is delivered successfully
Sue Cronin-Jones Trading Director
A range of exclusive One Stop sandwiches launched.
Business continues to expand with:
- 13 x New Stores
San Juan del Rio
Beatreme Food Ingredients
SPI Foods Inc.
Kerry de Mexico
DCA, DCA Solutech
Dalgety Food Ingredients
Star & Arty Ingredientes
Burns Philp Ingredients Div.
Shade Foods (SFI)
Armour Food Ingredients
Alferi Laboratories Inc.
San Giorgio Flavours
Stearns & Lehman
St Louis Flavors
Da Vinci Gourmet
Quest Food Ingredients
Ernsts Food Ingredients
Lanli Food Industry Company
Sugar & Spice
Shanghai Vega Fragrance & Flavour
Presco Food Seasonings
Can Pan Candy
QA Products Inc
Dera Holding NV
NutraCea’s cereal ingredients
GM’s Australian lifestyle bakery
General Cereals S.A.
Cargill’s flavour business
Mattessons, Wall’s, Golden Vale, Noon Products, Breeo Foods, Headland Foods
Acquisitions 1987 - 2012
Revenue 1986 - 2011 (€m)
Supplies customers in more than 140 countries
The first HHT is launched
2002 Kerry Foods DTS acquires Pork Farms Van Sales business
Kerry Foods DTS acquires Geo Adams Van Sales business
Kerry Foods DTS acquires Bernard Matthews Van Sales business.
- 6 x Post Office refits
- 12 x Re-Launches
- 1 x Major refit
- Kerry Foods DTS serves over 15,000 customers a week...
- Operating out of 26 Sales Centres and 2 RDC's
- We employ over 500 employees...
- Equating to 55,000 transactions per week...
- From over 300 Vans...
- Selling over 500 products...