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New Deal


Announced

Completed

Kraft Heinz completed the acquisition of an 85% stake in Just Spices.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For85%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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spices

Acquisition

Food Products

spices and seasonings

Germany

Majority

Private

Cross Border

Friendly

Single Bidder

Completed

Synopsis

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Kraft Heinz, a food products company, completed the acquisition of an 85% stake in Just Spices, a manufacturer of spices and condiments. Financial terms were not disclosed. “With Just Spices, we will leverage Kraft Heinz’s scale and agility to accelerate the business in the fast-growing taste elevation market beyond the company’s current German base and its recent market entries in Spain, Austria, and Switzerland. We also see tremendous potential to further strengthen and enhance Kraft Heinz’s own direct-to-consumer operations and go-to-market expansion," Rafael Oliveira, Kraft Heinz EVP & President.

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