Sector News

Kraft Heinz finalizes acquisition of Primal Nutrition

January 7, 2019
Food & Drink

The Kraft Heinz Co. has finalized its acquisition of Primal Nutrition, L.L.C., the maker of Primal Kitchen branded products, for approximately $200 million. Founded in 2015 by Mark Sisson and Morgan Buehler, Primal Kitchen offers a range of better-for-you condiments, sauces, dressings and snacks. The business is expected to generate approximately $50 million in net sales this year.

“Primal Kitchen is an authentic, premium and growing brand that complements our core condiments and sauces categories,” said Paulo Basilio, U.S. Zone president for Kraft Heinz. “We are excited to partner with the company’s strong team to drive growth across multiple categories and reach more consumers looking for these amazing products.”

Mr. Sisson, co-founder of Primal Kitchen, added, “Kraft Heinz recognizes the value of our Primal Kitchen mission and the consumer demand for it. This philosophy will stay with us as we leverage the resources of this new partnership to reach millions more of the consumers who have been seeking products like ours for years.”

Primal Kitchen will continue to operate under its current leadership team at its headquarters in Oxnard, Calif., while benefitting from Kraft Heinz’s assets and infrastructure.

Primal Kitchen joins Kraft Heinz under the Springboard platform. Kraft Heinz announced the launch of Springboard in March 2018 as a platform “dedicated to nurturing, scaling and accelerating growth of disruptive U.S. brands within the food and beverage space.”

By Eric Schroeder

Source: Food Business News

Related News

May 28, 2020

Nestlé launches snack delivery service in UK with Deliveroo

Food & Drink

Nestlé has joined forces with Deliveroo’s Essentials delivery platform to offer a variety of its brands to UK consumers direct to their door. As part of the new service, consumers can […]

May 28, 2020

Danone’s Nutricia grants US$1m for global nutrition research for COVID-19 patients

Food & Drink

Danone’s nutrition health arm, Nutricia, is supporting research from independent medical professionals to define guidelines for nutritional care for COVID-19 patients recovering after intensive care unit (ICU) discharge. Over the […]

May 28, 2020

Cargill’s “FATitudes” survey reveals changing consumer attitudes toward fats and oils in packaged goods

Food & Drink

Sixty-eight percent of consumers worldwide are closely monitoring the type and amount of fat and oil in their packaged food, according to a new global FATitudes study from Cargill. The […]