Kerry has announced that it has acquired the B2B powdered cheese business and related assets of The Kraft Heinz Company (Kraft Heinz) for consideration of $107.5 million.
Related: Kerry Flavor Report: Cheese Flavor Snack Trends
The business acquired has 62 employees and one manufacturing facility at Albany, Minnesota. This asset acquisition is expected to close in the coming months, enhancing Kerry’s scale, manufacturing capability and customer base in the snacking category.
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