In January 2021, Kerry Group PLC and its founding farmers’ co-op (still its largest shareholder) entered due diligence on a potential deal to return the group’s Irish dairy and farms input business to co-op ownership. Nothing came of it.  Within months, the food technology multinational confirmed its intention to focus on its most profitable B2B taste and nutrition division when it sold its meats and meals business, including the Denny consumer brand, to Pilgrim’s Pride for €819 million.  Kerry was still reeling from its failed bid to merge with the ingredients division of DuPont in 2019. If it weren’t saddled…

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