Kraft Heinz agrees to acquire Brazilian condiment company Hemmer
Kraft Heinz has announced an agreement to acquire Companhia Hemmer Indústria e Comércio (“Hemmer”), a Brazilian company focused on condiments and sauces.
The acquisition of Hemmer—a 106-year-old company headquartered in Blumenau, Santa Catarina—is designed to expand consumers’ taste options in Brazil, while supporting Kraft Heinz’s strategy of growing its International Taste Elevation product platform and its presence in emerging markets. The completion of this transaction is subject to regulatory approvals by CADE (Brazil’s Administrative Council for Economic Defense).