Kraft Heinz: completes acquisition of Companhia Hemmer

(CercleFinance.com) - Kraft Heinz has completed the acquisition of a majority stake in Companhia Hemmer Indústria e Comércio, a Brazilian food company specialising in condiments and sauces, after the transaction received unrestricted approval from CADE (Brazil's Administrative Council for Economic Defence), the Brazilian antitrust agency.


The acquisition aims to accelerate both companies' growth, whose brands and portfolios are complementary. Hemmer will also benefit from Kraft Heinz's distribution network and go-to-market model in Brazil.


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