Hemmer: Kraft Heinz to expand presence in Brazil's condiments and sauce market with acquisition of Hemmer

BRAZIL - American food company Kraft Heinz has signed an agreement to acquire Brazilian food producer Companhia Hemmer Indústria e Comércio (Hemmer) for an undisclosed sum. Headquartered in Blumenau, Santa Catarina, Brazil, Hemmer has a reach history spanning over 106 years and primarily offers condiments and sauces. The deal which is subject to regulatory approvals by CADE (Brazil's Administrative Council for Economic Defense) will see Kraft Heinz acquire more than 250 "meal-enhancing" offerings. According to Kraft, these offerings will support its strategy of accelerating its international 'taste elevation' product platform and growing its presence in...