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Facing challenges with cutting plastic, the world's largest confectioners are testing paper packaging but progress remains patchy.
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The convenience food group said the pre-tax loss reflected “one-off transaction related costs” associated with the Bakkavor deal.
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DMK's CEO Ingo Müller linked the investment to the company’s long-term strategy and its planned merger with Arla.
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Knight, who is the company’s “largest” shareholder, has been a director since October 2024.
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The restructuring includes a previously announced $10m bridge loan and a fully underwritten $10m equity raise.
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The European Commission estimates the waiver will save importers approximately €60m ($69.8m) in duties.
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With the deal, Heartland adds what it described as the “most recognised brands in the sweetener category”.
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