New Princes Group

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 …