Brazilian meatpacker JBS and Mexico's Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter.
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JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
Kraft Heinz reported in talks to sell Planters snack business
Pandemic-based surge in snack demand wanes
Reuters — Kraft Heinz is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods for about US$3 billion, the Wall Street Journal reported on […] Read more
Kraft Heinz backed for ketchup production in Montreal
Company to add ketchup line at Mont Royal site
A $23.3 million expansion of Kraft Heinz’s food manufacturing complex in Montreal will see the company resume making Heinz ketchup for Canada, in Canada. The U.S.-based food processing giant and […] Read more
Kraft Heinz to sell several cheese businesses to Lactalis
Canadian grated cheese lines among assets going for US$3.2 billion
Chicago | Reuters — Kraft Heinz said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France’s Groupe Lactalis for US$3.2 billion. After […] Read more
Kraft Heinz cuts output at three plants, adds mac and cheese shifts
Sao Paulo | Reuters — Kraft Heinz said Friday it has moved to significantly reduce production at three plants providing restaurant supplies amid the COVID-19 coronavirus outbreak, but its CEO […] Read more
Parmalat’s play for Kraft cheeses clears regulators
Dairy giant Parmalat’s proposed $1.62 billion deal for Kraft Heinz’s “natural” cheese business in Canada has cleared federal antitrust regulators. The federal Competition Bureau on Thursday said it issued a […] Read more
Parmalat to buy Kraft’s Ontario cheese plant, brands
U.S. food processing giant Kraft Heinz is taking one step back from the Canadian dairy processing business with a deal to sell its eastern Ontario cheese plant and the brands […] Read more
Kraft Heinz profits miss on weak demand in Canada, U.S.
Reuters — Kraft Heinz, North America’s third-largest food and beverage company, reported lower-than-expected quarterly profit and sales, hurt by weak demand in the U.S. and Canada. Shares of the company, […] Read more
Tim Hortons owner reported near deal to buy Popeyes
Reuters — Restaurant Brands International, owner of the Burger King and Tim Hortons fast food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen, people familiar with the matter […] Read more
Kraft Heinz to shut SW Ont. salad dressing plant
Merged food and condiment giant Kraft Heinz will shut down its salad dressing and sauce factory in southwestern Ontario and six other U.S. plants in a bid to cut its […] Read more