Newprinces completed the acquisition of Plasmon Dietetici Alimentari from Kraft Heinz for $145.8m.

Newprinces, an Italian food and beverage company, completed the acquisition of Plasmon Dietetici Alimentari, a baby food brand company, from Kraft Heinz, a company producing of food products, for $145.8m. "The successful closing of this Transaction represents the fulfilment of a long-term strategic vision. Bringing home brands like Plasmon, Nipiol, BiAglut, Aproten, and Dieterba, which have deep roots in our country's identity, and a highly efficient production plant such as the Latina factory, solidifies our position as a leading platform in the high-margin baby and specialised food segment in Italy and Europe. We now look forward to integrating Plasmon and leveraging the significant industrial and commercial synergies with the existing group capabilities to deliver enhanced value to our stakeholders," Angelo Mastrolia, NewPrinces Chairman.