Members of Kerry Co-op have voted overwhelming in favour of the proposal to acquire Kerry Dairy
Ireland and a share exchange with Kerry Group Plc that will deliver circa €1.4bn of value directly to all
Kerry Co-op members.
The proposal was approved by 82% of eligible members present at a at a Special General Meeting of
the Co-op held on 16 th December 2024 in Killarney.
Commenting, James Tangney, Chairman of Kerry Co-op said:
“I am very pleased that the A&B shareholders of Kerry Co-op have voted in favour of the proposal.
Today’s acceptance commences a journey that will ultimately lead to the full ownership of Kerry Dairy
Ireland, one of the leading dairy businesses in the country, while its also releases c.85% of Kerry Co-
op’s Kerry Group shares into the hands of our members to be retained or sold by each of them at a
time of their choosing.  
“The transaction is transformational for Kerry Co-op and satisfies the diverse aspirations of the vast
majority of our members. Working in partnership with Kerry Group, the focus of the Kerry Dairy
Ireland Board will be to transition the business to that of a Co-op ethos and build further on the strong
commercial platform in place to deliver sustainable returns in the months and years ahead for all our
members. We look forward to working with Pat Murphy, CEO of Kerry Dairy Ireland, and his
accomplished leadership team to make this a reality.”
The first phase of the sale was completed on December 31 st.