Kraft Heinz to acquire Brazilian condiment company | 2021-09-23
PITTSBURGH — The Kraft Heinz Co. has entered into an agreement to acquire Companhia Hemmer Indústria e Comércio, a Brazilian company focused on condiments and sauces. Financial terms of the transaction were not disclosed.
Based in Blumenau, Santa Catarina, Hemmer is a 106-year-old company that offers condiments, olive oil, beverages, canned foods and more. Hemmer would benefit from Kraft Heinz’s distribution network and go-to-market model, including the growing foodservice channel in Brazil, the company said.
“In the last few years, Hemmer has been further strengthening itself as a food company synonymous with flavor, quality, and portfolio variety,” said Christian Luef, chief executive officer of Hemmer. “We are extremely honored by this potential acquisition and the entire expansion potential this negotiation offers by continuing our family history in the region.”
With the acquisition of Hemmer, Kraft Heinz aims to…
