Kraft Heinz to acquire Assan Foods from Kibar Holding for $100m.

The Kraft Heinz Company, agreed to acquire Assan Foods, a food products manufacturer, from Kibar Holding, a Turkish conglomerate, for $100m. “This is a great opportunity to accelerate our international growth strategy centered on Taste Elevation. We believe Assan Foods is a high-performance organization that brings best-in-class local innovation and production of sauces and tomato products, as well as a significant distribution network in the fast-growing foodservice channel, enabling us to further build our scale and agility by expanding the Heinz brand in Turkey, as well as our International Taste Elevation platform more broadly," Rafael Oliveira, Kraft Heinz President.