HJ Heinz yesterday (20 March) announced that it has completed the sale of its European seafood unit to Lehman Brothers Merchant Banking for EUR425m (US$515.946m).


The sale includes three major brands – John West, Petit Navire and Mareblu – and four seafood processing facilities in Ghana, The Seychelles, Douarnenez, France and Peniche, Portugal. 


William R. Johnson, Heinz chairman, president and chief executive officer commented: “This sale is an important step in the company’s global strategy to drive profitable growth and innovation in three core categories where Heinz has strong brands: Ketchup and Sauces; Infant Nutrition; and Meals and Snacks.


“In Europe specifically, Heinz has been streamlining its organizational structure and divesting non-core businesses like Seafood, the HP Foods Limited Ethnic business and the HAK(R) vegetable business to create a more focussed portfolio that will accelerate growth and deliver improved margins.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.