Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Shivani Kumaresan

Kraft Heinz Completes Acquisition Of Brazilian Food Company Hemmer

  • 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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.