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…

Kraft Heinz completes acquisition of Ethical Bean Coffee assets

CANADA - Kraft Heinz, an American food company, has announced that it has completed the acquisition of the assets of Ethical Bean Coffee, a Canadian Cafe & coffee roaster. Founded in 2003, Ethical Bean Coffee is a leading roaster of 100% Fairtrade, certified organic coffee. Based in Vancouver, British Columbia, Ethical Bean is committed to…

Kraft Heinz releases Mayochup in the US, a blend of mayonnaise and ketchup

USA - Kraft Heinz, an American food company, has released a new sauce called Mayochup in the US, which features a blend of mayonnaise, ketchup and a blend of spices, in its Heinz’s brand. According to the company, the release of the product follows a consumer campaign to introduce the product, as an online poll…

Kraft Heinz invests US$25.84m in canning plant in Wigan to increase production

ENGLAND – Kraft Heinz, an American food company, has invested US$25.84 million in a canning plant in Wigan, a major multi-million boost to increase output. According to Food Business News, the group’s US$25.84 million investment in the facility, which employs 450 people, will see a modernisation of filling and packaging operations, with a high-speed line that…

Kraft Heinz commits to 100% reusable and compostable packaging by 2025

USA - The Kraft Heinz Company, has announced the expansion of its environmental stewardship strategy to include time-bound targets for achieving greater packaging sustainability and setting science-based goals to reduce greenhouse gas emissions. According to the company, as part of its commitment to reduce natural resource needs and manage overall environmental footprint, it supports the…

Kraft Heinz considers sale of children’s milk brand Complan

INDIA - Kraft Heinz Co., an American food company, is making considerations for a sale of children’s milk drink brand Complan in India, which could fetch about US$1 billion, according to Bloomberg. Kraft Heinz is currently working with an adviser to gauge interest in the business, according to sources who asked not to be identified…

Kraft Heinz profits decline 0.3% in first quarter results

USA - Kraft Heinz profits declined 0.3% to US$893 million in its first quarter ended March results which show net sales declined 0.3% to US$6.3 billion while organic net sales decreased 1.5% compared to the same period a year ago. The company said the financial results reflected higher input costs, lower net sales in the…

Pioneer Foods and Kraft Heinz merger approval to wait longer

SOUTH AFRICA - SA’s body mandated to adjudicate competition matters, the Competition Tribunal has postponed its judgement relating to proposed merger deal between Pioneer Foods and Kraft Heinz. Pioneer Foods had tabled a bid to acquire half of the South African operations of Kraft Heinz, the US grocery manufacturing and processing conglomerate headquartered in Chicago.…