M&A Deal Summary |
|
|---|---|
| Date | 2020-09-15 |
| Target | Kraft Heinz’s Natural Cheese Division |
| Sector | Food |
| Buyer(s) | Lactalis American Group |
| Sellers(s) | The Kraft Heinz Co. |
| Deal Type | Divestiture |
SEARCH BY
Lactalis American Group is the North American division of the world’s largest dairy corporation and is the parent company of Sorrento Lactalis, Lactalis USA, and Mozzarella Fresca, which collectively include some of North America's most popular cheese brands: Président, Sorrento, Precious, rondelé, and Galbani. Lactalis American Group is a subsidiary of Parmalat S.p.A., an Italian public entity majority-owned by Groupe Lactalis. Headquartered in France, Groupe Lactalis is the world's largest dairy corporation.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Food M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: California M&A | 2 of 2 |
| Country: United States M&A | 2 of 2 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-26 |
Galbani Mozzarella Fresca
Concord, California, United States Mozzarella Fresca is one of the largest producers of fresh mozzarella in the United States . The Company located in Benicia, California produces a full line of Italian-style cheeses including mozzarella (both acidified and cultured), mascarpone and ricotta in its state of the art plant in Tulare, California. Mozzarella Fresca's products are sold to the retail grocery channel and restaurants through foodservice distributors. The product is typically located in a refrigerated specialty section of a grocery deli. |
Buy | - |
| Category | Company |
|---|---|
| Sector | Food |
| Employees | 22,500 |
| Revenue | 18.2B USD (2013) |
The Kraft Heinz Co. is a food and beverage conglomerate with a portfolio of brands spanning beverages, cheese, refrigerated meals and other categories. Kraft Foods Group was formed in 2012 as a spin-off from Mondelez International. The Company is based in Northfield, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Food M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-24 |
The Kraft Heinz Co. - Indian Brands
India The Kraft Heinz Co. - Indian Brands includes Complan, Glucon-D, Nycil and Sampriti brands, and two manufacturing facilities, with approximately 900 employees associated with these brands and operations. |
Sell | $625M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-11 |
Assan Foods
34337, Turkey Assan Foods is a producer of tomato paste, ketchup, mayonnaise and various tomato sauces for world cuisines to over 30 countries on 4 continents. Assan Foods was founded in 1998 and is based in Istanbul, Turkey. |
Buy | $100M |
