Kerry Group has acquired two US food ingredients businesses at a cost of $83 million.
Custom Industries and Nuvex Ingredients have combined annual revenue of $83.7 million.
Custom Industries supplies ingredients for bakery, ready-to-eat cereals and sweet pastries in the United States and Canada.
Minnesota-based Nuvex Ingredients specialises in high-protein and fibre ingredients for breakfast cereals and health snacks.
Kerry chief executive Hugh Friel said the acquisitions complement the group's existing facilities in North America and will add valuable production capacity to meet Kerry's growth plans.
