Heinz to launch new condiment variants to meet demand for tasty sauces

USA – Heinz is set to launch new condiment variants, Heinz Mayocue and Heinz Mayomust sauces to address the growing demand for tasty and delicious products among saucy fans. Heinz Mayocue is a tasty combination of mayonnaise and barbecue sauce while, Heinz Mayomust is made through mixing mayonnaise and mustard. The two sauce variants are…

Kraft Heinz enlists five startups for second round of Springboard incubator program

USA – The packaged consumer foods company, Kraft Heinz has announced five food and drink startups for its second round of Springboard incubator program. The second incubator class includes Blake’s Seed Based, BRAMI, Ka-Pop! Ancient inGRAINed Snack Co™, Origin Almond®, and Tiny Giants, brands which Kraft Heinz says are the ‘next generation’ in the food…

Kraft Heinz launches natural cheese from milk without artificial hormone

USA – The food and beverage company, Kraft Heinz has unveiled new Kraft Natural Cheese made with milk from cows raised without the artificial growth hormone rbST. The natural range includes shredded cheese, natural slices, blocks and snacking cheese, providing an endless offering which consumers who try to avoid added hormones in their food can…

Kraft Heinz plans Indian ‘come-back’ through distribution partnership

INDIA – Kraft Heinz, which recently divested its Indian consumer brands business plans to take some of its global brands to India and this could be through a distributor partnership in the country. Speaking to ET Retail, Kraft Heinz India managing director, Sankalp Potbhare said the company is exploring options including identifying a distribution partner…

Kraft Heinz acquires US condiments firm Primal Nutrition for US$200m

USA – Kraft Heinz has announced that it has agreed to acquire the US based condiments, sauces and dressings firm, Primal Nutrition, LLC for approximately US$200 million. Primal Kitchen will join Kraft Heinz under Springboard, which is Kraft Heinz’s dynamic platform created to partner with founders and brands that will disrupt the food industry. For…

Nestle nearing deal to acquire GSK’s consumer healthcare business in India

INDIA – The Swiss transnational food and drink company, Nestle SA is said to have tipped Unilever, another serious bidder in the race for GSK Consumer Healthcare business in India, ET Retail reports citing sources familiar with the matter. The deal which highlights popular malt food drink brand Horlicks, will see Nestle strike the biggest…

Nestle ahead of Unilever in final race to acquire GSK’s nutrition business in India

INDIA – Nestle SA, the Swiss transnational and the world’s largest food company is contending Unilever in the final round of negotiations to acquire GlaxoSmithKline’s consumer nutrition business in India. According to three people aware of the development, cited by ET Retail, Nestle is believed to be the frontrunner with a more aggressive offer after…

Parmalat acquires Kraft Heinz’s Canadian natural cheese business for US$1.2b

CANADA – Kraft Heinz has announced that it has agreed to sell its Canadian natural cheese business to Parmalat for US$1.23 billion with the transaction expected to close in the first half of 2019, subject to regulatory review and approval. The agreement includes the sale of natural cheese brands Cracker Barrel, P’tit Quebec and aMOOza! in the Canadian market. As…

Cadila Healthcare to acquire Kraft Heinz India business for US$628m

INDIA – Zydus Wellness, a subsidiary of Cadila Healthcare, fourth largest pharmaceutical group in India will acquire the consumer brand business of Kraft Heinz in India for US$628 million. The transaction which is expected to close in Q4 FY 19 include children’s milk brand Complan, Glucon D, Nycil and Sampriti Ghee. An Economic Times report reveals…

Kraft Heinz invests US$100m to Evolv Ventures for emerging tech companies

USA - . Kraft Heinz has committed up to US$100 million to Evolv Ventures, a venture fund that will invest in emerging tech companies transforming the food industry. According to the company, the venture fund led by investor Bill Pescatello, will accelerate the company’s exposure to emerging technologies and businesses, as well as improve its…