GFM Network News


A deal for Planters would be Hormel Foods’ biggest to date, the Wall Street Journal said. (Kraft Heinz promotional video screengrab via YouTube)

Kraft Heinz reported in talks to sell Planters snack business

Pandemic-based surge in snack demand wanes

Reuters — Kraft Heinz is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods for about US$3 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The deal could be announced as soon as next week if talks do not fall apart, the Journal

A Heinz ketchup packing line. (Kraft Heinz video screengrab)

Kraft Heinz backed for ketchup production in Montreal

Company to add ketchup line at Mont Royal site

A $23.3 million expansion of Kraft Heinz’s food manufacturing complex in Montreal will see the company resume making Heinz ketchup for Canada, in Canada. The U.S.-based food processing giant and the Quebec government on Nov. 17 announced the expansion plan for the company’s Mont Royal plant, which today makes products such as KD Mac +


Kraft’s Canadian grated cheese lines are among the businesses going to Lactalis for US$3.2 billion. (KraftWhatsCooking.ca)

Kraft Heinz to sell several cheese businesses to Lactalis

Canadian grated cheese lines among assets going for US$3.2 billion

Chicago | Reuters — Kraft Heinz said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France’s Groupe Lactalis for US$3.2 billion. After weak sales results and several billion-dollar writedowns over the past two years, there has been market speculation about which categories Kraft Heinz will offload from





Close-Up of a Sealed Campbell's Soup Can on Red Background

Comment: Souped up

A Kraft-Heinz takeover rumour 
doesn’t disguise deep-seated issues 
for companies like Campbell Soup

Campbell Soup stocks soared after news came out suggesting the company could be bought by Kraft-Heinz, one of 3G Capital and Warren Buffett’s pet projects in the food sector. Even though the deal is highly unlikely to happen, these rumours point to a much larger story in food processing. Since 2013, the “acquire and cut”

(KraftHeinzCompany.com)

Kraft Heinz profits miss on weak demand in Canada, U.S.

Reuters — Kraft Heinz, North America’s third-largest food and beverage company, reported lower-than-expected quarterly profit and sales, hurt by weak demand in the U.S. and Canada. Shares of the company, which owns brands such as Velveeta cheese and Heinz ketchup, were down nearly three per cent at $86.75 in after-hours trading on Wednesday (all figures


A Popeyes Louisiana Kitchen outlet in Costa Rica. (Businesswire.com)

Tim Hortons owner reported near deal to buy Popeyes

Reuters — Restaurant Brands International, owner of the Burger King and Tim Hortons fast food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen, people familiar with the matter said Monday. The deal, which will likely value Popeyes at more than US$1.7 billion, is a bet by Oakville, Ont.-based Restaurant Brands that it can