Kraft Heinz (KHC) has announced that it will acquire Assan Foods from Turkish firm Kibar Holding for $100 million. Assan Foods, a sauces-focused entity with manufacturing facilities in Izmir and Balikesir, has been Kraft Heinz's certified production partner since 2019.  The acquisition of Assan Foods allows Kraft Heinz to expand its food services and retail business across Africa, the Middle East and Europe. The company anticipates closing the deal in the second half of this year, subject to customary closing conditions. (See Kraft Heinz stock analysis on TipRanks) President of Kraft Heinz International Zone Rafael Oliveira said, “This is a great opportunity to accelerate our international growth strategy.
https://www.tipranks.com/news/kraft-heinz-to-snap-up-assan-foods
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