Reports that Kerry group buys British ready meals group for 180 million euro

Its reported today that Kerry group is acquiring a British ready meals business for a reported 180 million euro.Its understood Kerry group purchased noon products last week but the deal has not yet been announced by the company.Noon products specialises in Indian ready meals and is part of a private equity group.It was founded in 1989 by sir Gurlam Noon, also known as the curry king.Its based in London where its factory produces 1.5 million meals a week and employs 1,250 people.Kerry group is becoming a major player in the food ingredients area on recent years.Last year it bought quest from ICI and subsequently established the Kerry bio science division, an annual turnover for the company exceeds 4 billion euro.It also has a strong position in the consumer foods market, with such brands as denny, dawn, lowlow, and Kerry spring.