Transaction expected to close in first half of 2021, subject to regulatory approvals
February 11, 2021
The Kraft Heinz Company announced that it has entered into a definitive agreement to sell its nuts business to Hormel Foods Corporation in a cash transaction for $3.35 billion. The proposed transaction is expected to close in the first half of 2021, subject to regulatory review and approval.
A US affiliate of Groupe Lactalis will purchase the business for a reported $3.2 billion
September 16, 2020
The Kraft Heinz Company announced that it has entered into a definitive agreement to sell its Natural, Grated, Cultured and Specialty cheese businesses to a US affiliate of Groupe Lactalis for a purchase price of $3.2 billion. The proposed transaction is expected to close in the first half of 2021, subject to regulatory review and approval.
Strong company response to help feed consumers around the world
April 7, 2020
As communities around the world struggle to cope with the real-life implications of the coronavirus (COVID-19) outbreak, The Kraft Heinz Company is providing an update on its response to the pandemic, the rescheduling of its upcoming Investor Day and business impacts to date, ahead of its first quarter 2020 earnings call later this month.
“Miguel is a proven business leader with a distinguished track record of building iconic consumer brands around the globe, driving top-line revenue growth through a focus on consumer-first marketing, innovation, and people development,” said Alex Behring, chairman of Kraft Heinz’s board of directors.
These products are now available in several sizes and formats to meet a full range of manufacturing and foodservice needs
March 21, 2017
Kraft Food Ingredients announced the addition of Heinz® Ketchup and Lea & Perrins® Worcestershire Sauce along with a variety of Heinz® vinegars, relishes and sauces to its broad portfolio of ingredient solutions.
Mealtime Stories will make real, nutritious products more accessible to all consumers
February 1, 2017
The Kraft Heinz Company and Oprah Winfrey announced a joint venture called Mealtime Stories, LLC, whose mission is to create a new line of food that will make real, nutritious products more accessible to everyone.