US EditionPackaged Food Giant Kraft Heinz Explores Potential Break-Up
- Kraft Heinz Company confirmed plans to sell its Italian Baby and Specialty Food business to NewPrinces Group, which includes infant food brands Plasmon, Nipiol, and Dieterba, as well as specialty brands Aproten and Biaglut.
- The sale involves Kraft Heinz's production facility in Latina, Italy, which employs around 300 people and produces approximately 1.8 billion biscuits annually for Plasmon.
- NewPrinces Group has assured that all jobs are safe and the factory will continue operations as usual after the sale is completed, pending regulatory approval.
- Willem Brandt, president of Europe and Pacific Developed Markets at Kraft Heinz, stated the deal supports their strategy for growth and focus on key product platforms.
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The Independent (US)
The Independent (US)Kraft Heinz is preparing to break up its business
·London, United Kingdom
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Food company Kraft Heinz plans division for more market worth
NEW YORK, July 11 (Xinhua) -- U.S.-based multinational food company Kraft Heinz is preparing to break itself up, a decade after a merger of two of the biggest names in packaged foods that was orchestrated by U.S. investor and philanthropist Warren Buffett and Brazilian private-equity firm 3G Capital, The Wall Street Journal said Friday. Read full story
·Malaysia
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Kraft-Heinz’s stock jumps after report of breakup plan
Kraft Heinz’s stock jumps after a WSJ report that the packaged food giant is planning a breakup, 10 years after the Kraft-Heinz megamerger. Article Attribution | Read More at Article Source The post Kraft-Heinz’s stock jumps after report of breakup plan appeared first on RocketNews.
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