Kraft Heinz Completes Sale of Natural Cheese Business to an Affiliate of Groupe Lactalis
29 Novembro 2021 - 3:45PM
Business Wire
The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the
“Company”) announced today that it has completed the sale of
certain assets in its global cheese business and the license of
certain trademarks to an affiliate of Groupe Lactalis for total
consideration of approximately $3.3 billion, including cash
consideration of approximately $3.2 billion. The transaction
involves the divestiture of Kraft Heinz’s natural, grated,
cultured, and specialty cheese businesses in the U.S., its grated
cheese business in Canada, and its grated, processed, and natural
cheese businesses outside the U.S. and Canada. This divestiture
includes the Company’s global intellectual property rights to
several brands, including, among others, Cracker Barrel,
Breakstone’s, Knudsen, Athenos, Polly-O, and Hoffman’s, as well as
the Cheez Whiz brand in the majority of countries outside the U.S.
and Canada. The transaction also includes perpetual licenses for
the Kraft and Velveeta brands that the Company will grant to Groupe
Lactalis for certain cheese products.
Kraft Heinz will retain its Kraft Singles, Velveeta processed
cheese, and Cheez Whiz processed cheese businesses in the U.S. and
Canada and its Kraft, Velveeta, and Cracker Barrel macaroni and
cheese, Kraft sauces, and cream cheese, including Philadelphia
cream cheese, businesses worldwide.
“The sale of our natural cheese portfolio is another milestone
in our rapid transformation,” said Kraft Heinz CEO Miguel Patricio.
“The divestiture is a great example of our agile portfolio
management, and we believe it will help Kraft Heinz enhance our
overall growth profile, our strategic focus, and financial
flexibility.”
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.
Forward-Looking Statements
This press release contains a number of forward-looking
statements. Words such as “complete," “involve,” “include,” “will,”
“retain,” “enhance,” “believe,” “expect,” “focus,” “plan,” “grow,”
“limit,” 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,
expected benefits of the proposed sale, impacts of the proposed
sale on the Company’s business, financial results, opportunities,
and future plans, and other statements that are not historical
facts, each of which is based on the Company’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 the Company’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 Company’s ability to achieve intended
benefits of the sale, the expected costs of the transaction, the
success of business transitions, and the risk factors set forth in
the Company’s filings with the Securities and Exchange Commission,
including the Company’s most recently filed Annual Report on Form
10-K and subsequent reports on Forms 10-Q and 8-K. The Company
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211129005634/en/
Stephanie Peterson (media) stephanie.peterson@kraftheinz.com
Christopher Jakubik, CFA (investors) ir@kraftheinz.com
Kraft Heinz (NASDAQ:KHC)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Kraft Heinz (NASDAQ:KHC)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024