The acquisition marks Calbee’s entry in the plant-based foods market in the U.S. and further accelerates the growth of its international and Food and Health businesses.
The investment will expand the brewery’s capacity to produce fast-growing brands, like Michelob ULTRA, bringing more products to customers and consumers while supporting local communities and jobs.
The acquisition combines Bredabest’s expertise in peanut processing with Natra’s global platform and distribution network, expanding Natra’s portfolio to include peanut-based spreads and other peanut-based ingredients.
Kraft Heinz says the separation – which comes a decade after the merger of Kraft Foods and H.J. Heinz – aims to maximize its capabilities and brands while reducing complexity.
After the acquisition closes, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating a refreshment beverage company and a global coffee company.
The potential acquisition comes as part of the company's strategic growth plan to further invest in specialty ingredient capabilities and diversify its portfolio of solutions.
The company has already invested $240 million in a Nature’s Bakery facility in Utah, as well as $450 million in a Royal Canin dry pet food facility in Ohio.
The company says it continues to evolve its business strategy, offer valuable upskilling programs and provide team members with long-term wealth-building opportunities.
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