Kerry Group to acquire Spanish breast milk business

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Kerry Group PLC (LON:KYGA) told investors it is to acquire Biosearch Life, a Spanish company that sells premium probiotic products made from human breast milk.

Biosearch’s breast milk products are under the Hereditum brand, meanwhile, it also has the Exxentia and Eupoly-3 brands which are botanical extracts and natural omega-3 respectively.

The London-listed company noted that it seeks to acquire all of Biosearch’s shares through a public tender offer.

Grupo Lactalis Iberia, Biosearch’s largest shareholder, has committed irrevocable undertakings to accept the offer for its 29.5% stake.

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