Kerry Group confirms purchase of UK business

Kerry Group has this morning confirmed the purchase of a UK chilled ready meals business for 124 million pounds sterling. The Noon group is the market leader in the development and production of authentic Asian chilled ready meals in the UK and employs over 1,000 staff.Kerry Group Chief Executive, Hugh Friel said that the acquisition significantly advances Kerry foods position and market leadership in the premium segment of the UK chilled recipe meals sector. He said that the market is valued at 1.4 billion sterling, and it is showing average growth rates of 5 to 7% per annum.