Kraft Heinz to Buy 85% Stake in Germany's Just Spices
2021年12月10日 - 8:25PM
Dow Jones News
By Colin Kellaher
Kraft Heinz Co. on Friday said it agreed to buy 85% stake in
Germany-based spice start-up Just Spices GmbH for an undisclosed
amount.
The Pittsburgh food maker said Just Spices' three founders will
retain the remaining 15% of the company, which generates annual
sales of around $68 million from its portfolio of more than 170
products.
Kraft Heinz said Just Spices sells roughly 70% of its ready-made
and one-step spice blends directly to consumers, with its remaining
sales through major grocery retailers in Europe.
The company said it expects to complete the acquisition in the
first quarter of 2022.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 10, 2021 06:10 ET (11:10 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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