Multinational FMCG firm, The Kraft Heinz Company, has announced a joint venture with food tech start-up TheNotCompany in order to accelerate plant-based innovation globally. According to Kraft Heinz, the partnership’s goal is to reimagine food production and move toward a more sustainable future. By forming the partnership, the companies will be able to join forces to develop new plant-based co-branded versions of products, using TheNotCompany first-of-its-kind technology and artificial intelligence …
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Kraft Heinz
Multinational food company The Kraft Heinz Company has announced the acquisition of an 85% stake in German-based company Just Spices for an undisclosed sum. According to sources, the remaining 15% ownership stake in Just Spices will be retained by its three founders who will remain with the company once the acquisition is complete. Founded in 2014, Just Spices is a manufacturer of spices blends and salad dressings with a portfolio …
Kraft Heinz, the multinational food firm, has entered into an agreement to acquire the Brazilian sauces and condiments company Hemmer. Founded in 1915, Hemmer is makes pickled and preserved food, condiments, olive oil and beverages and has a portfolio of 250 products. The acquisition is part of Kraft Heinz’s strategy of growing its International Taste Elevation product platform and its presence in emerging markets. Last June the company also acquired Assan …
BelGioioso, a US-based manufacturer of Italian cheeses, has entered into an agreement to acquire Polly-O from Kraft Heinz and Lactalis, according to a Deli Market News report. The acquisition of Polly-O, an Italian cheese brand, will expand BelGioioso’s portfolio and add to its existing Casaro brand range. Founded in 1899, Polly-O is known for its ricotta, mozzarella and string cheeses. “We are thrilled to add the Polly-O brand to our portfolio and want to …
Kraft Heinz, the leading US food and drinks multinational, has announced an agreement to purchase Turkish sauces business Assan Foods for approximately $100 million. Assan Foods manufactures and sells a wide range of products including tomato paste, ketchup, mayonnaise, and pasta and meat sauces under brands such as Colorado, Kingtom, and Oba, as well as private label. With approximately 400 employees, Assan Foods serves the domestic market and exports to …
US foods giant Kraft Heinz has announced its plans to invest £140m ($199m) in its Kitt Green food manufacturing facility located in the UK. According to sources, the investment would be the largest made by the company in a facility outside the US in more than two decades. The move, which is subject to approval in the US, will fund equipment and technology to modernise the manufacturing capacity, reduce the …
Global branded food company Hormel Foods has announced the acquisition of the Planters brand from Kraft Heinz for $3.35 billion. The acquisition includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production sites. In 2020, Planters snack portfolio net sales were approximately $1 billion, and are expected to grow at Hormel’s long-term organic growth target. “Our competencies in brand stewardship, revenue growth management, e-commerce, innovation and …
Kraft Heinz, the leading US food and drink firm, has entered into an agreement to sell its natural, grated, cultured, and specialty cheese businesses to a US affiliate of French dairy giant Lactalis for $3.2 billion. The transaction, which is expected to be finished in the first half of 2021, includes Kraft Heinz’s natural, grated, cultured, and specialty cheese businesses in the US, grated cheese business in Canada, and the …
Kraft Heinz, the multinational food firm, is partnering with spirits giant Diageo to create a new line-up of coffee products in association with the Baileys brand. The product range will include Baileys ready-to-drink cold brew in cans, Baileys roast & ground coffee, and Baileys K-Cup pods and is aimed at bringing “indulgent flavour” to the coffee category. Commenting on the launch, Diageo senior licensing manager Declan Hassett said: “Baileys is …
Kraft Heinz, the leading US food and drinks firm, has announced a health-oriented makeover for its flagship Heinz ketchup brand, with the introduction of a new variety that contains added vegetables. Marketed as “miraculously offer[ing] the veggies parents love, without compromising the thick and rich HEINZ taste kids love”, Heinz Tomato Ketchup with a Blend of Veggies is said to contain 25% added vegetables (butternut squash and carrot) and 25% …
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