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Benzinga
Benzinga
Business
Shivani Kumaresan

Kraft Heinz Completes Acquisition Of Brazilian Food Company Hemmer

Kraft Heinz Kraft Heinz Co Brazil KHC CADE Nasdaq
  • Kraft Heinz Co (NASDAQ:KHC) has completed its acquisition of a majority stake in Companhia Hemmer Indústria e Comércio (Hemmer), a Brazilian food company.
  • The deal was closed following approval from CADE (Brazil's Administrative Council for Economic Defense), Brazil's antitrust body. 
  • The company expects the transaction to expand its International Taste Elevation platform, focusing on condiments and sauces.
  • Kraft Heinz inked an agreement to acquire Hemmer in September 2021.
  • Price Action: KHC shares are trading lower by 0.18% at $39.32 on the last check Friday.
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