The UK division of US-based food multinational Kraft Heinz is expanding into a new category with the launch of pulse-based ready meals sold in pouches. The new product line, which can apparently be microwaved in just 90 seconds, are described as a response to rising demand for convenient, nutritious and flavourful meals. The lineup comprises Chilli Black Beanz, Curry Chickpeaz, and Tomato Cannellini Beanz, which come respectively in smoky chipotle, coconut …
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Kraft Heinz
US food giant Kraft Heinz has announced it will split into two independent, publicly traded companies in a tax-free spin-off. In a statement, the company said the move was designed to streamline operations, sharpen focus and unlock new growth opportunities. The first of the two separate companies will be a $15.4 billion business known as Global Taste Elevation Co, with a brand portfolio encompassing Heinz, Philadelphia, and Kraft Mac & …
New Princes Group, the diversified food company formed on Newlat’s acquisition of Princes last year, has announced the acquisition of the Italian baby food business of Kraft Heinz for €120 million ($140 million), according to a report in Grocery Gazette. As a result of the acquisition, New Princes Group will add a range of new brands to it portfolio, alongside a manufacturing facility with a 300-strong workforce. The deal reportedly builds on a 2015 deal …
US food giant Kraft Heinz has announced plans to invest $3 billion to modernise its 30 existing manufacturing sites to strengthen operations and expand market reach. In an interview with Reuters, a company spokesperson said the upgrades were designed to make plants more efficient, helping reduce costs and potentially ease the impact of any import tariffs. The investment will also help the company to create and sell new products more …
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 …
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 …
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