Norton Rose Fulbright advises Kerry Group plc on the sale of its Consumer Foods’ Meats and Meals Business to Pilgrim’s Pride Corporation for €819m

Global law firm Norton Rose Fulbright has advised Kerry Group plc on the sale of its Consumer Foods’ Meats and Meals business to Pilgrim’s Pride Corporation for a cash consideration of €819m, subject to routine closing adjustments. The Meats and Meals business is a best-in-class provider of convenience food solutions, with leading brands and longstanding relationships with major retailers. 
 
Kerry Group plc is a leading taste and nutrition partner for the food, beverage and pharmaceutical industries. The Meats business is a leading 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. The Meals business primarily serves the UK market and specialises in authentic ethnic chilled and frozen ready meals, multi-cuisine ready to cook ranges, and home delivery meals under the Oakhouse brand.
 
Jon Perry, a London-based corporate partner who led the Norton Rose Fulbright transaction team commented:

“We are delighted to be able to help Kerry with this important transaction, which further enhances Kerry’s focus as a leading business to business ingredient solutions provider. The multi-disciplinary Norton Rose Fulbright team worked closely with the Kerry team to finalise the transaction documentation.”
 
Alongside corporate lead Jon Perry, the multi-disciplinary team advising on the transaction included Mike Knapper and Alex Redbourne (commercial / intellectual property), Dominic Stuttaford (tax), Lesley Browning (pensions), Catrina Smith (employment), Ian Giles and Jamie Cooke (competition), Caroline O’May and Lucy Bruce Jones (environmental), as well as corporate associates Sam Morrey, Hannah Culshaw and Charlie Warren. Arthur Cox LLP advised on Irish law matters. Freshfields Bruckhaus Deringer and A&L Goodbody advised the buyer.