USA: Heinz to realign after Del Monte deal
US sauce and canned food manufacturer Heinz has said that it plans to realign its US business into two business units following the transfer of several underperforming business units to fruit and vegetable processor Del Monte.
The Pittsburgh-based company will set up an away-from-home division, which will concentrate on institutional businesses such as restaurants, and a consumer products division, which will focus on the company's retail businesses of ketchup, condiments and sauces, as well as frozen meals and snacks.
The company said it is continuing to review all of its products and package sizes in a bid to improve efficiency, reported Reuters.
H J Heinz Company has today (Monday) confirmed that it has signed a definitive agreement with Groupe Danone SA to acquire a number of leading culinary sauce brands for £470m (US$855m) in cash....
Heinz is close to buying HP Foods, maker of Lea & Perrins and HP Sauce from French diary giant Danone, according to the Daily Telegraph newspaper....
H J Heinz Company has named Idamarie Laquatra as director, global nutrition....
H J Heinz Company today reported net income of $206.5m for its fourth quarter ended April 27, 2005, compared with $196.5m in the same period last year....
Philippine food and beverage conglomerate San Miguel is now looking at acquiring Singapore-listed Del Monte Pacific Ltd and New Zealand Dairy Foods Holdings, according to the Dow Jones news agency....
H J Heinz Company has announced the promotion of Jeffrey P Berger to executive vice president. He will be responsible for the company's global foodservice business....
H J Heinz Company has announced the appointment of Jane S Miller as president of its UK and Ireland business unit....
H J Heinz Company has taken a majority stake in Petrosoyuz, a leading Russian maker of ketchup, condiments and sauces....
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