Kraft Heinz Announces Agreement to Purchase Assan Foods, Headquartered in Istanbul, Turkey
2021年6月11日 - 11:03PM
ビジネスワイヤ(英語)
Acquisition Aligns with Kraft Heinz’s
International Growth Strategy Focused on Taste Elevation and
Foodservice
The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) announced
today that it has reached an agreement to purchase Assan Foods from
privately held Turkish conglomerate Kibar Holding in a deal that
values the enterprise at approximately $100 million. Assan Foods is
a rapidly growing sauces-focused business with local manufacturing
facilities in Balikesir and Izmir that has been a certified
production partner for Kraft Heinz since 2019 and offers Kraft
Heinz the opportunity to build its retail and foodservice business
across Europe, the Middle East and Africa.
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the full release here:
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Assan Foods manufactures and sells a wide
range of products, including those that appeal to a variety of
international cuisines and are sold under brands including
Colorado. The Kraft Heinz Company announced today that it has
reached an agreement to purchase Assan Foods from privately held
Turkish conglomerate Kibar Holding. (Photo: Assan Foods)
“This is a great opportunity to accelerate our international
growth strategy centered on Taste Elevation,” said Rafael Oliveira,
International Zone President at Kraft Heinz. “We believe Assan
Foods is a high-performance organization that brings best-in-class
local innovation and production of sauces and tomato products, as
well as a significant distribution network in the fast-growing
foodservice channel, enabling us to further build our scale and
agility by expanding the Heinz brand in Turkey, as well as our
International Taste Elevation platform more broadly.”
Headquartered in Istanbul, Assan Foods was established in
Balikesir in 1998 as a Kibar Holding investment in the food sector
and evolved into one of the top producers in the region. Assan
Foods manufactures and sells a wide range of products including
tomato paste, ketchup, mayonnaise, and pasta and meat sauces that
appeal to a variety of international cuisines and are sold under
brands such as Colorado, Kingtom, and Oba, as well as private
label. With approximately 400 employees, Assan Foods serves the
domestic market and exports to around 50 countries on four
continents.
The deal is subject to customary closing conditions including
merger control approval, and is expected to be completed in the
second half of 2021.
ABOUT THE KRAFT HEINZ COMPANY
We are driving transformation at The Kraft Heinz Company
(Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious.
Consumers are at the center of everything we do. With 2020 net
sales of approximately $26 billion, we are committed to growing our
iconic and emerging food and beverage brands on a global scale. We
leverage our scale and agility to unleash the full power of Kraft
Heinz across a portfolio of six consumer-driven product platforms.
As global citizens, we’re dedicated to making a sustainable,
ethical impact while helping feed the world in healthy, responsible
ways. Learn more about our journey by visiting
www.kraftheinzcompany.com or following us on LinkedIn and
Twitter.
Forward-Looking Statements
This press release contains a number of forward-looking
statements. Words such as “focus,” “believe,” “offer,”
“accelerate,” “bring,” “expect,” “will,” “enable,” “build,”
“intend,” “plan,” “grow,” and variations of such words and similar
future or conditional expressions are intended to identify
forward-looking statements. These statements include, but are not
limited to, statements about the stock and assets included in the
proposed purchase, that the purchase is subject to customary
closing conditions including regulatory clearances, the anticipated
number of affected employees, the timing of closing, expected
benefits of the proposed purchase, impacts of the proposed purchase
on Kraft Heinz’s business, financial results, opportunities, and
future plans, and other statements that are not historical facts,
each of which is based on Kraft Heinz’s current beliefs,
expectations, estimates, and projections. These forward-looking
statements are subject to a number of risks and uncertainties, many
of which are difficult to predict and beyond Kraft Heinz’s control,
which could cause actual results to differ materially from those
indicated in the forward-looking statements. Those factors include,
but are not limited to, the timing of or failure to obtain
necessary regulatory approvals or to satisfy any of the other
conditions to the purchase, Kraft Heinz’s ability to achieve
intended benefits of the purchase, the expected costs of the
transaction, the success of business transitions, and the risk
factors set forth in Kraft Heinz’s filings with the Securities and
Exchange Commission, including Kraft Heinz’s most recently filed
Annual Report on Form 10-K and subsequent reports on Forms 10-Q and
8-K. Kraft Heinz disclaims and does not undertake any obligation to
update, revise, or withdraw any forward-looking statement in this
press release, except as required by applicable law or
regulation.
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version on businesswire.com: https://www.businesswire.com/news/home/20210611005315/en/
Michael Mullen (media) Michael.Mullen@kraftheinz.com
Nigel Dickie, Director, Corporate and Government Affairs, Kraft
Heinz EMEA (media) Nigel.Dickie@kraftheinz.com Office phone : +44
20 3765 0570 Mobile : +44 773 657 2909
Christopher Jakubik, CFA (investors) ir@kraftheinz.com
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