Tag: Kraft-Heinz

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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Billion-dollar food industry mergers and acquisitions that took place in 2020

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GLOBAL – Despite the unsettled year due to the impact of the global Covid-19 pandemic, 2020 hasn’t been shy of food and beverage industry deals. There were several billion-dollar mergers and acquisitions that took place during the entire year, some shaking up the industry, creating new food behemoths in their respective regions. Food Business Africa reviewed the year and has compiled a list of some of the biggest and most interesting mergers and acquisitions that took place this year. Inspire Brands acquires fast-food chains Dunkin’ Donuts, Baskin-Robbins for US$ $11.3B…

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Kraft Heinz Q3 revenue rise as consumers cook more food at home

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US – Kraft Heinz beat third-quarter revenue expectations as consumers bought more of its packaged foods and condiments for at-home cooking. Thanks to sustained at-home consumption in the third quarter, the company saw its net sales increase by 6% to $6.44 billion, beating analysts’ average estimate of $6.32 billion The company which produces the famous Heinz Ketchup and Philadelphia cream cheese saw organic sales rise by 6.3%. Operating income of the American food company however plummeted to approximately $1.15 billion, representing a decline of 2.8%. In the US – the…

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APC Microbiome Ireland partners Kraft Heinz to develop cultures for food use

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IRELAND – APC Microbiome Ireland and the Kraft Heinz Company have announced a new collaboration aimed at developing new natural cultures for food fermentations. Fermented foods are created using controlled microbial growth, facilitated by microbial communities, usually in the form of starter cultures, adjuncts or probiotics. The fermentation process helps prolong shelf-life, improve food safety and quality and increase the palatability of foods. The APC, Kraft Heinz collaboration plans to focus on a variety of these bioactive end-products and their applications in food systems.   The research project will initially run…

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Kraft Heinz to invest US$57.6m in Egypt in the next 5 years to expand market share

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EGYPT – Kraft Heinz, multinational food company headquartered in the United States is seeking to inject more than LE 920 million (US$57.6m) worth of investments in Egypt in the coming five years. This was revealed by Chairman and Managing Director of Kraft Heinz Egypt, Hanny Elmessiry, as the Executive Director of the General Authority for Investment and Free Zones (GAFI) Mohamed Abd El-Wahab reviewed the company’s investment plan. According to reports by Egypt Today, the plan includes establishing 14 new production lines to meet local demand and increase exports. The…

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Kraft Heinz, Carlsberg mobilize US$25.8m to support COVID-19 impacted communities

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Coronavirus

GLOBAL – Kraft Heinz, the multinational food company co-headquartered in Chicago and Pittsburgh and Danish brewing giant, Carlsberg have joined the global efforts geared towards addressing the very real implications of the Coronavirus (COVID-19) outbreak. The companies have separately committed to mobilizing a total of US$25.8 million to support communities impacted by COVID-19 outbreak in various economies across the world. Carlsberg, through the Carlsberg Foundation, the New Carlsberg Foundation and the Tuborg Foundation is planning to donate DKK95 million (US$13.8m) to help mitigate the challenges associated with the global COVID-19…

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Declining sales dent Kraft Heinz growth as turnaround plan expected to take time

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USA – The Kraft Heinz Company reported a 5.1% decline in net sales to US$6.5 billion in the full 2019 financial year as the company continue to struggle with heightened competition from private-label brands. The consumer goods company cited that the full year results were also affected by a negative 2.3% impact from divestitures and an unfavorable 0.6% impact from currency. Organic net sales decreased 2.2% year-on-year while pricing increased by 2% versus the prior year period, with higher pricing in all business segments except Canada. During the period, Kraft…

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Kraft Heinz taps Campbell executive Abrams-Rivera as new US zone president

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USA – The Kraft Heinz Company has appointed the president of Campbell Snacks Carlos Abrams-Rivera as the company’s new US Zone President, effective February 3, 2020. Abrams-Rivera, 52, will join the company after a successful career spanning more than two decades at companies including Campbell Soup Company, Mondelēz International, and Kraft Foods. Abrams-Rivera joined Campbell in 2015 and most recently served as Executive Vice President and President, Campbell Snacks, a new division that represents nearly 50 percent of Campbell’s annual sales. He will be stepping down from the position t…

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