The Spanish division of Kraft Heinz, a producer of cooking and table sauces, has announced the completion of a €70 million upgrade to increase production capacity at its factory in La Rioja, Spain. The upgrade was completed a year and a half after breaking ground and is intended to enable the company to meet the growing demand for its range of sauces across Europe. Commenting on the move, Kraft Heinz European and …
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Kraft Heinz
US food giant Kraft Heinz has announced plans to invest $400 million to build one of the largest automated consumer goods distribution centres in North America. The company stated that the 775,000 sq ft facility in DeKalb (IL) will feature national railway access and a “24/7 automated storage and retrieval system. Commenting on the investment, Kraft Heinz EVP and president of North America Carlos Abrams-Rivera said: “As we continue on …
FMCG giant Kraft Heinz has reached an agreement to sell its baby food business in Russia to Chernogolovka, a domestic food and drinks manufacturer, according to a Reuters report. The deal includes the brands Umnitsa and Sami S Usami and was reportedly already in progress prior to the conflict in Ukraine. “The decision to sell is a commercial decision in the best interests of our people and the local communities …
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 …
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 …
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