M&A Deal Summary

Parmalat Acquires Kraft Heinz Canada - Natural Cheese Business

On November 6, 2018, Parmalat acquired food company Kraft Heinz Canada - Natural Cheese Business from Kraft Heinz Canada for 1.6B CAD

Acquisition Highlights
  • This is Parmalat’s 8th transaction in the Food sector.
  • This is Parmalat’s largest (disclosed) transaction.
  • This is Parmalat’s 2nd transaction in Canada.
  • This is Parmalat’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2018-11-06
Target Kraft Heinz Canada - Natural Cheese Business
Sector Food
Buyer(s) Parmalat
Sellers(s) Kraft Heinz Canada
Deal Type Divestiture
Deal Value 1.6B CAD

Target

Kraft Heinz Canada - Natural Cheese Business

Ontario, Canada
Kraft Heinz Canada - Natural Cheese Business includes Cracker Barrel, P’tit Quebec and aMOOza! brands.

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Buyer(S) 1

Buyer

Parmalat

Collecchio (Parma), Italy
Category Company
Sector Food
Revenue 6.7B EUR (2017)
DESCRIPTION

Parmalat engages in the production and distribution of foods that are essential for everyday wellness milk, dairy products (yogurt, cream-based sauces, desserts, and cheese), and fruit beverages.

DEAL STATS #
Overall 8 of 8
Sector (Food) 8 of 8
Type (Divestiture) 1 of 1
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Karoun Dairies

San Fernando, California, United States

Karoun Dairies, Inc. is a manufacturer, distributor and marketer of specialty-branded, ethnic food and beverage products, including cheeses, yogurts, yogurt beverages, spreads and dips. Karoun Dairies was founded in 1992 and is based in San Fernando, California.

Buy -

Seller(S) 1

SELLER

Kraft Heinz Canada

Don Mills, Ontario, Canada
Category Company
Sector Food
DESCRIPTION

Kraft Heinz Canada is a marketer and producer of foods and beverages. Kraft Heinz Canada is based in Don Mills, Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Divestiture) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Ethical Bean Coffee

Vancouver, British Columbia, Canada

Ethical Bean Coffee is a roaster of 100% Fairtrade, certified organic coffee. Based in Vancouver, British Columbia.

Buy -
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