The transaction involves the divestiture of Kraf’s B2B powdered cheese products, which are sold through its ingredients business. It also includes the company’s manufacturing facility in Albany, Minnesota, which is expected to operate in ordinary course.
Employees based at the Albany facility will be transferred from Kraft to Kerry.
Kraft says the sale reflects the company’s “ongoing and active portfolio optimisation”.
The transaction is expected to close in the second half of 2022, subject to regulatory review and conditions.
By Sian Yates
Source: foodbev.com
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
