Kraft Heinz has completed the sale of certain assets in its global cheese business and the license of certain trademarks to an affiliate of Groupe Lactalis for total consideration of approximately $3.3 billion, including cash consideration of approximately $3.2 billion. 

Préval AG, an international agri-food company headquartered in Quebec, has acquired the assets of J&G Foods, located in Sutton, Massachusetts. J&G is a custom and specialty case-ready fresh meat provider specializing in portioned organic and grass-fed beef, organic and natural chicken, natural pork and beef, and a variety of marinated and value-added meats.

Lakeside Foods, a leading frozen and canned foods manufacturer, is purchasing Cher-Make Sausage Co., a 93-year-old sausage maker that produces summer sausage, hot dogs, ring bologna and bratwurst at its Manitowoc-based plant in Wisconsin. The deal is set to close on 9/27/21.

Kraft Heinz has announced an agreement to acquire Companhia Hemmer Indústria e Comércio (“Hemmer”), a Brazilian company focused on condiments and sauces.

Tekni-Plex has completed its acquisition of rigid packaging manufacturer Grupo Phoenix, putting the company in a stronger position to broaden its market-focused, customer-driven innovations, especially in food and beverage markets.

People and industry news in food and beverage manufacturing for May 2021.

Gray Solutions, a Gray company that provides automation, operations and information services to help food & beverage customers implement smart manufacturing, has reached a merger agreement with Stone Technologies.