Kraft Heinz To Buy Brazilian Condiments and Sauces Co. Hemmer
September 23 2021 - 9:59AM
Dow Jones News
By Michael Dabaie
Kraft Heinz Co. agreed to acquire Companhia Hemmer Industria e
Comercio, a Brazilian company focused on condiments and sauces.
The acquisition of Hemmer, a 106-year-old company headquartered
in Blumenau, Santa Catarina, supports the company's strategy of
growing its International Taste Elevation product platform and its
presence in emerging markets, Kraft Heinz said.
The completion of the deal is subject to regulatory approvals by
CADE, Brazil's Administrative Council for Economic Defense.
A price isn't finalized as the deal with Hemmer isn't closed
yet, the company said.
Rothschild & Co is acting as the financial advisor for Kraft
Heinz and Madrona Law as the legal advisor to Kraft Heinz. Pabst
& Hadlich Advogados Associados are acting as advisors to the
selling shareholders and Hemmer.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 23, 2021 09:44 ET (13:44 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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