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May 30, 2008

AUS/NZ: Heinz eyes acquisitions

Heinz has confirmed that it is on the look-out for acquisitions in Australia and New Zealand.

Heinz has confirmed that it is on the look-out for acquisitions in Australia and New Zealand.

“Heinz is always looking for strategic acquisition opportunities and would consider making additional acquisitions in both Australia and New Zealand,” a spokesperson for the US food giant told just-food today (30 May).

International sales account for 60% of Heinz’ revenue and growth in markets outside the US has outpaced gains in North America, the company revealed yesterday in its full-year results announcement.

About 9% of Heinz’ global sales are generated in Australia and New Zealand.

The company purchased Cottee’s and Rose’s jams and toppings brands from Cadbury last year.

Heinz also operates Wattie’s and Tip Top Ice Cream brands in Australia and New Zealand.

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