Kraft Heinz has completed its acquisition of an 85% stake in Germany-based Just Spices. The remaining 15% ownership stake has been retained by Just Spices’ three founders, who will continue on with the company and focus on driving the business and its international growth.

The Kraft Heinz Company reached an agreement to acquire an 85% stake in Germany-based Just Spices GmbH. Just Spices’ three founders, who will continue with the company and focus on driving the business and its international growth, will retain the remaining 15% ownership stake.

Kraft Heinz announced it will combine its U.S. and Canada businesses to create the North America Zone, which is expected to be effective in the second fiscal quarter of 2022. 

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. 

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