The Kraft Heinz Company has signed a long-term agreement with Simplot Food Group, a unit of the J.R. Simplot Company, under which the latter will be the exclusive manufacturer and supplier of the Ore-Ida potato-based frozen foods brand. The ownership of the Ore-Ida brand will continue with Kraft Heinz. J.R. Simplot Company with its expertise […]
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 […]
The Kraft Heinz Company has agreed to acquire Brazilian condiments and sauces producer Companhia Hemmer Indústria e Comércio (Hemmer) for an undisclosed price. Hemmer is a 106-year-old company, based in Blumenau, Santa Catarina. Its acquisition will help Kraft Heinz to expand the taste options of its consumers in Brazil. Furthermore, Hemmer will also support the […]
US food company Kraft Heinz has launched two new sauces in the form of the HEINZ MAYOCUE sauce and the HEINZ MAYOMUST sauce in the US to expand the HEINZ sauce range. HEINZ MAYOCUE sauce is a combination of mayonnaise and barbecue sauce while HEINZ MAYOMUST sauce is a blend of mayonnaise and mustard. Both […]
Food acquisition news : US food producer Kraft Heinz has agreed to offload its Canadian natural cheese business to Italian dairy and food company Parmalat for CAD$1.62 billion ($1.23 billion). The deal covers Cracker Barrel, P’tit Quebec and aMOOza! and other natural cheese brands. Kraft Heinz had earned around $427 million from its Canadian natural […]
Food acquisition news : The Kraft Heinz Company, an American food company will quit from its joint venture Heinz Foods South Africa by divesting its 50.1% stake to partner Pioneer Food Group. The South African food manufacturer Pioneer Foods will take over as full owner of Heinz Foods South Africa after the transaction. Financial terms […]