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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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