Kraft Heinz to acquire Brazilian food company

PITTSBURGH — On Thursday, The Kraft Heinz Co., co-headquartered in Pittsburgh and Chicago, announced that it is set to acquire Brazilian food company Companhia Hemmer Indústria e Comércio, or Hemmer.

Hemmer, which focuses on condiments and sauces, was established in Brazil in 1915. By acquiring the company, Kraft Heinz (Nasdaq: KHC), will expand its International Taste Elevation product platform.

“This acquisition offers us a valuable opportunity to accelerate our international growth strategy centered around Taste Elevation – our portfolio of high-quality products that enhance the taste of food,” Rafael Oliveira, international zone president at Kraft Heinz, said. “Hemmer is a legendary company in Brazil, growing net sales significantly, and will bring a delicious and diverse portfolio of products to Kraft Heinz.”

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