NewPrinces completed the acquisition of the Italian infant and specialty food business from Kraft Heinz for €120m.

NewPrinces, a specialised food and beverage company, completed the acquisition of the Italian infant and specialty food business from Kraft Heinz, a global food company, for €120m. “This marks an important milestone in driving our strategy across Europe and the Pacific, enabling us to fuel investment and growth in our core areas, and enhance focus on our Accelerate platforms,” Willem Brandt, Kraft Heinz President, Europe and Pacific Developed Markets.