The Kraft Heinz Company has created a joint venture (JV) with Chilean food tech start-up TheNotCompany (NotCo) for accelerating artificial intelligence (AI) driven plant-based innovation around the world. Dubbed as The Kraft Heinz Not Company, the joint venture will operate under the control of Kraft Heinz. It will utilize the inherent strengths of the two […]
Minnesota-based food company Hormel Foods has completed its previously announced $3.35 billion acquisition of Kraft Heinz’ nuts business, which includes the Planters snacking portfolio. As per the terms of the deal signed in February 2021, Hormel Foods has acquired Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production facilities. Jim Snee – […]
Kraft Heinz has agreed to sell its nuts business to Hormel Foods for $3.35 billion in an all-cash deal. The deal includes most products sold by Kraft Heinz under the Planters brand. These include single variety and mixed nuts, trail mix, Cheez Balls, Nut-rition products, and Cheez Curls. Kraft Heinz is also selling the Corn […]
US food company Kraft Heinz has agreed to offload its natural, grated, cultured, and specialty cheese businesses to a US affiliate of French dairy giant Groupe Lactalis for $3.2 billion. The deal includes Kraft Heinz’s natural cheese businesses in the US, grated cheese business in Canada, and the complete international cheese business outside the two […]