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Kraft Heinz to Combine US, Canada Businesses

Kraft Heinz s (KHC) Operating Model Solid, Costs Inflated

Kraft Heinz s (KHC) Operating Model Solid, Costs Inflated
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Hormel Foods Agrees to Buy Kraft Heinz Nuts Business

Hormel Foods Agrees to Buy Kraft Heinz Nuts Business CHICAGO — The Kraft Heinz Co. s nuts business is changing hands. The company entered into a definitive agreement to sell its nuts business to Hormel Foods Corp. in a cash transaction for $3.35 billion. The deal includes most products sold under the Planters brand, including single variety and mixed nuts, trail mix, Nut-rition products, Cheez Balls, and Cheez Curls, as well as Corn Nuts branded products, in addition to global intellectual property rights to the Planters brand, subject to existing third-party licenses in certain international jurisdictions, and to the Corn Nuts brand.

City snapshot: Symington s hires advisors as it eyes £100m sale | News

Top story Chicken Tonight owner Symington’s has hired advisors to explore sale options as the ambient food group has capitalised on increased consumer demand under Covid lockdowns that have amplified the effects of a successful turnaround. Private equity owner ICG, which has backed the business since a £72m buyout in 2012, has appointed investment bank Houlihan Lokey to seek a potential exit, according to City sources. The sale process is still at a very early stage, but interest from PE firms is expected to be solid, with a valuation between £80m and £100m, dealmaker sources said. Kettle owner Valeo was highlighted as a natural buyer, while a resurgent Premier would likely be constrained by competition issues.

Kraft Heinz enters 2021 with lighter portfolio and agile growth ambitions, announces $3 35bn sale of Planters to Hormel

Kraft Heinz has ended 2020 on a high note reporting a 6.2% increase in organic net sales and a 27% lift in household penetration in Q4, driven by significant gains in Ketchup, Lunchables, and Ore-Ida. At the beginning of 2020, Kraft Heinz embarked on its multi-year transformation supported by a new operating model and platform-based prioritization of its portfolio, which has been divided into four segments: fast fresh meals; taste elevation; easy meals made better; and easy indulgent desserts.  Our retail market share has continuously improved over the course of the year. What is most encouraging is that these trends are broad-based, with more than 70% of our categories experiencing positive trend bends in Q4 led by Heinz Ketchup and Lunchables, each picking up more than 2 points of share in the quarter, ​ said Carlos Abrams-Rivers, Kraft Heinz US zone president, during a Q4 2020 management discussion call.

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