Who owns KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)?

KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) has been 100% owned by PILGRIM'S PRIDE CORPORATION since June 2021.

At what enterprise value was KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) acquired in 2021?

During the acquisition of KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) by PILGRIM'S PRIDE CORPORATION in 2021, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP.

What was the EV/EBITDA of KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) when it was acquired by PILGRIM'S PRIDE CORPORATION?

The estimated EV/EBITDA multiple for KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) is in the range of 5x - 12x.

What was the EBITDA of KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) during the acquisition?

KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)'s EBITDA is estimated to be in the range of 50M - 100M GBP.

How is the data for the KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.frozenfoodsbiz.com/pilgrims-acquires-kerry-consumer-foods-meats-and-meals-business/

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodKERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)

06/2021

KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) acquired by PILGRIM'S PRIDE CORPORATION

UNITED KINGDOM Food Processing / Food Products / Meat & Cured Meat EV 500M - 1.5b GBP

Context

Pilgrim's Pride has agreed to acquire the Meats and Meals business of Kerry Group plc. This acquisition adds a portfolio of high-margin, value-added brands to Pilgrim's existing UK operations. It allows Kerry Group to exit the lower-growth consumer foods segment to focus on its core taste and nutrition business.

KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS), which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

The acquired business is a leading manufacturer of branded and private label meats, meat snacks, and food-to-go products in the UK and Ireland. Its portfolio includes iconic brands like Denny (sausages/ham), Richmond (sausages), and Fridge Raiders (meat snacks). It also operates a significant business in ethnic frozen and chilled ready meals. The division employs over 4,500 people and generated over £725 million in annual sales in 2020.

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Similar deals in Food Processing

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Date	Acquirer	Target	Country	Sector
09/2021	ROYAL DSM	FIRST CHOICE INGREDIENTS	UNITED STATES	Ingredients
07/2021	CVC	PANZANI	FRANCE	Food Products
06/2021	EQUINOX	GRUPPO SALPA	ITALY	Ingredients
06/2021	KERRY GROUP	NIACET	UNITED STATES	Ingredients
05/2021	OLAM FOOD INGREDIENTS (OFI)	OLDE THOMPSON	UNITED STATES	Ingredients
05/2021	ASTORG	SOLINA GROUP	FRANCE	Ingredients
05/2021	BAIN CAPITAL	VALEO FOODS GROUP	IRELAND	Food Products
04/2021	CREDIT MUTUEL EQUITY	CHARLES & ALICE	FRANCE	Food Products
04/2021	TPG	THE MADE GROUP	AUSTRALIA	Dairy
04/2021	JBS S.A.	VIVERA	NETHERLANDS	Food Products

REFERENCES

Valuation range: EV 500M - 1.5b GBP

Revenue range: 450M - 900M GBP

EBITDA range: 50M - 100M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) by PILGRIM'S PRIDE CORPORATION are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.