Kraft Heinz Enters Into Agreement to Acquire Brazilian Food Company Hemmer
23 Setembro 2021 - 9:45AM
Business Wire
Addition of more than 250 meal-enhancing
products expected to accelerate Taste Elevation strategy in Brazil,
a priority market for Kraft Heinz
The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) today
announced that it has entered into an agreement to acquire
Companhia Hemmer Indústria e Comércio (“Hemmer”), a Brazilian
company focused on condiments and sauces.
The acquisition of Hemmer – a 106-year-old company headquartered
in Blumenau, Santa Catarina – is designed to expand consumers’
taste options in Brazil, while supporting Kraft Heinz’s strategy of
growing its International Taste Elevation product platform and its
presence in emerging markets. The completion of this transaction is
subject to regulatory approvals by CADE (Brazil’s Administrative
Council for Economic Defense).
“This acquisition offers us a valuable opportunity to accelerate
our international growth strategy centered around Taste Elevation –
our portfolio of high-quality products that enhance the taste of
food,” said Rafael Oliveira, International Zone President at Kraft
Heinz. “Hemmer is a legendary company in Brazil, growing net sales
significantly, and will bring a delicious and diverse portfolio of
products to Kraft Heinz.”
The combination aims to accelerate the growth of both companies,
expanding Kraft Heinz’s presence in Brazil and leveraging its
already successful expansion in condiments and sauces. Hemmer will
benefit from Kraft Heinz’s distribution network and go-to-market
model, including the growing foodservice channel in Brazil.
“In the last few years, Hemmer has been further strengthening
itself as a food company synonymous with flavor, quality, and
portfolio variety. We are extremely honored by this potential
acquisition and the entire expansion potential this negotiation
offers by continuing our family history in the region,” said
Christian Luef, Hemmer CEO.
Rothschild & Co is acting as the exclusive financial advisor
for Kraft Heinz and Madrona Law as the legal advisor to Kraft Heinz
for this potential transaction. Pabst & Hadlich Advogados
Associados are acting as exclusive advisors to the selling
shareholders and Hemmer.
ABOUT THE KRAFT HEINZ COMPANY
We are driving transformation at The Kraft Heinz Company
(Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious.
Consumers are at the center of everything we do. With 2020 net
sales of approximately $26 billion, we are committed to growing our
iconic and emerging food and beverage brands on a global scale. We
leverage our scale and agility to unleash the full power of Kraft
Heinz across a portfolio of six consumer-driven product platforms.
As global citizens, we’re dedicated to making a sustainable,
ethical impact while helping feed the world in healthy, responsible
ways. Learn more about our journey by visiting
www.kraftheinzcompany.com or following us on LinkedIn and
Twitter.
ABOUT HEMMER
Companhia Hemmer Indústria e Comércio (Hemmer) is a 100%
Brazilian company headquartered in Blumenau, Santa Catarina, which
was established in 1915, becoming a producer and seller of several
types of picked and preserved food, condiments, olive oil and
beverages. The company’s longevity, unusual for the Brazilian
landscape, and solidity are a consequence of the quality of the
products offered to consumers and the commitment and dedication put
into the work. The company’s goal is to be a part of the family’s
daily life, transforming the care and dedication into flavorful and
quality food, standing tall among other food companies due to its
self-produced diverse portfolio, as well as by the products offered
with our brand by other partner companies.
Forward-Looking Statements
This press release contains a number of forward-looking
statements. Words such as “will,” “accelerate,” “expand,” “expect,”
“offer,” “enhance,” “bring,” “grow,” and variations of such words
and similar future or conditional expressions are intended to
identify forward-looking statements. These statements include, but
are not limited to, statements about the stock and assets included
in the proposed purchase, expected benefits of the proposed
purchase, impacts of the proposed purchase on Kraft Heinz’s
business, financial results, opportunities, and future plans, that
the purchase is subject to customary closing conditions including
regulatory clearances, the timing of closing, and other statements
that are not historical facts, each of which is based on Kraft
Heinz’s current beliefs, expectations, estimates, and projections.
These forward-looking statements are subject to a number of risks
and uncertainties, many of which are difficult to predict and
beyond Kraft Heinz’s control, which could cause actual results to
differ materially from those indicated in the forward-looking
statements. Those factors include, but are not limited to, the
timing of or failure to obtain necessary regulatory approvals or to
satisfy any of the other conditions to the purchase, Kraft Heinz’s
ability to achieve intended benefits of the purchase, the expected
costs of the transaction, the success of business transitions, and
the risk factors set forth in Kraft Heinz’s filings with the
Securities and Exchange Commission, including Kraft Heinz’s most
recently filed Annual Report on Form 10-K and subsequent reports on
Forms 10-Q and 8-K. Kraft Heinz disclaims and does not undertake
any obligation to update, revise, or withdraw any forward-looking
statement in this press release, except as required by applicable
law or regulation.
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version on businesswire.com: https://www.businesswire.com/news/home/20210923005570/en/
Kathy Krenger (media) Kathy.Krenger@kraftheinz.com
Christopher Jakubik, CFA (investors) ir@kraftheinz.com
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