Tag: Kraft-Heinz

Kraft Heinz to expand presence in Brazil’s condiments and sauce market with acquisition of Hemmer

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BRAZIL – American food company Kraft Heinz has signed an agreement to acquire Brazilian food producer Companhia Hemmer Indústria e Comércio (Hemmer) for an undisclosed sum.  Headquartered in Blumenau, Santa Catarina, Brazil, Hemmer has a reach history spanning over 106 years and primarily offers condiments and sauces.   The deal which is subject to regulatory approvals by CADE (Brazil’s Administrative Council for Economic Defense) will see Kraft Heinz acquire more than 250 “meal-enhancing” offerings.   According to Kraft, these offerings will support its strategy of accelerating its international ‘taste elevation’ product platform and growing its presence in…

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Mondelēz debuts US$2.4B Green Bond Offering as Kraft Heinz pays SEC US$62m for accounting irregularities

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USA – American multinational snack and food company Mondelēz International, Inc., has debuted the group’s first green bond, whose proceeds will be used to support the company’s key sustainability initiatives.   According to Mondelēz, the €2.0 billion (US$2.4 billion) bond will be the largest ever green bond in the Packaged Foods and Consumer Goods Industry.   The green bond issued by Mondelez International Holdings Netherlands B.V., a wholly-owned subsidiary of Mondelēz International, Inc., consists of €650m of 0.250% notes due September 2029, €650m of 0.625% notes due September 2032, and €700m of…

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Kraft Heinz reports decline in net sales as pandemic boom starts to wane

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US – American multinational food company Kraft Heinz has reported a decline in net sales for Q2 2021 as the pandemic boom experienced in 2020 starts to wane and consumers resume normal purchasing behaviors.   For the three months ending 26 June, the company reported net sales of US$6.62 billion, representing a 2.1% organic decline.   While the results did not compare to an extraordinary Q2 2020, Kraft Heinz says consumption vs 2019 remained strong with a 5% organic increase as demand for snacks and packaged meals persisted.  The company predicted current-quarter organic net sales to decline by a…

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Kraft Heinz to acquire Turkish sauce company Assan Foods to bolster presence in EMEA

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TURKEY – Leading American multinational food company Kraft Heinz has agreed to acquire Turkish sauce company Assan Foods from Kibar Holding in a deal that will bolster the company’s presence in Europe, Middle East, and Africa (EMEA).  According to a statement from the maker of popular Heinz tomato ketchup, the planned acquisition of Assan from KIbar Holdings values Assan at approximately US$100 million.  Headquartered in Istanbul, Assan Foods manufactures and sells a wide range of sauce products such as ketchup, mayonnaise, pasta sauces and more.  Assan Foods has acted as a…

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Kraft Heinz to invest US$198m in expanding manufacturing capabilities of UK facility

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UK – Kraft Heinz, the fifth-largest food and beverage company in the world, has announced plans to invest £140 million (about US$197.7m) in expanding and modernizing Manufacturing capabilities its Kitt Green food facility, which is located near Wigan, in the UK. The company says that the proposed investment- which is subject to final US approvals from Kraft Heinz later this year- could create up to 50 new full-time positions If approved, the project would be Kraft Heinz’s biggest investment in more than two decades in an existing manufacturing site outside…

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General Mills to acquire Tyson Foods’ pet food business as Kraft Heinz splashes US$200m to acquire Primal Kitchen

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US – American multinational manufacturer and marketer of branded consumer foods General Mills has announced plans to acquire Tyson Foods, Inc.’s pet food business for $1.2 billion to strengthen its position in the rapidly expanding category. General Mills entered the pet food category in 2018 when it acquired Blue Buffalo Pet Products, Inc. for approximately US$8 billion. Since then, the pet food market has been rapidly expanding thanks to a rise in the number of American homes that own pets. “Pet food is a high-growth category, fueled by the humanization…

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Kraft Heinz, Keurig Dr Pepper report strong Q1 results buoyed by extended at home consumption

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US – Kraft Heinz and  Keurig Dr Pepper, two of America’s most popular food brands have reported strong Q1 results, as sustained at home consumption amid a pandemic maintained the high demand for their goods that started at the onset of the pandemic. As a result, Kraft reported a 2.5% organic growth for the quarter beating estimates that had projected the company to record flat-to-positive organic net sales growth “Our first quarter was better than expected, with our team delivering strong results on top of exceptional growth last year,” said…

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Kraft Heinz bolsters sustainability efforts with use of recycled plastic as roofing material

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US – American multinational food company Kraft Heinz, has installed new roofs made of recycled plastic packaging on manufacturing facilities in Beaver Dam, Wisconsin, and Holland, Michigan in an effort to meet its sustainability goals. Kraft Heinz said that the plastic roof is made from post-consumer material that comes from flexible plastic similar to what the CPG giant uses for its products. The company says that it will monitor the recycled material’s performance versus conventional building materials, and may standardize its use if the test goes well. Kraft Heinz will…

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Kraft Heinz sells planters brand to Hormel Foods for US$3.35Bn to focus on core areas of focus

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US – Kraft Heinz has entered into an agreement to sell its nuts business to Hormel Foods for US$3.35 in an effort to shore up its balance sheet and boost growth in its three main areas of focus — flavours, quick and easy meals, and snacking. As part of the deal, Hormel will acquire most products under the Planters brand including single variety and mixed nuts, trail mix, Nut-rition products, Cheez Balls and Cheez Curls; as well as the Corn Nuts brand. The sale of Planters, known for its more…

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Kraft Mac & Cheese develops first recyclable fibre-based microwavable cup

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US – American food company Kraft Heinz has announced that one of its leading food products Kraft Mac & Cheese will be packaged in what it terms as the “first-ever recyclable fibre-based microwavable cup” Kraft Heinz announced that the new more sustainable and environmentally friendly cups will be first rolled out on a trial basis. Upon completion of the testing stage, the American food company plans to launch a new Kraft Mac & Cheese Shapes variety later this year using the new cup and design. Kraft Heinz explained says that…

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