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THE KRAFT HEINZ COMPANY

(KHC)
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Kraft Heinz To Buy Brazilian Condiments and Sauces Co. Hemmer

09/23/2021 | 07:44am EDT

By Michael Dabaie

Kraft Heinz Co. agreed to acquire Companhia Hemmer Industria e Comercio, a Brazilian company focused on condiments and sauces.

The acquisition of Hemmer, a 106-year-old company headquartered in Blumenau, Santa Catarina, supports the company's strategy of growing its International Taste Elevation product platform and its presence in emerging markets, Kraft Heinz said.

The completion of the deal is subject to regulatory approvals by CADE, Brazil's Administrative Council for Economic Defense.

A price isn't finalized as the deal with Hemmer isn't closed yet, the company said.

Rothschild & Co is acting as the financial advisor for Kraft Heinz and Madrona Law as the legal advisor to Kraft Heinz. Pabst & Hadlich Advogados Associados are acting as advisors to the selling shareholders and Hemmer.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

09-23-21 0944ET

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Analyst Recommendations on THE KRAFT HEINZ COMPANY
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Financials (USD)
Sales 2021 25 366 M - -
Net income 2021 2 857 M - -
Net Debt 2021 18 446 M - -
P/E ratio 2021 18,5x
Yield 2021 4,40%
Capitalization 44 507 M 44 507 M -
EV / Sales 2021 2,48x
EV / Sales 2022 2,55x
Nbr of Employees 38 000
Free-Float 53,7%
Chart THE KRAFT HEINZ COMPANY
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The Kraft Heinz Company Technical Analysis Chart | KHC | US5007541064 | MarketScreener
Technical analysis trends THE KRAFT HEINZ COMPANY
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Last Close Price 36,38 $
Average target price 41,42 $
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Miguel Patricio Chief Executive Officer & Director
Paulo Basilio Chief Financial Officer
Alexandre Behring da Costa Chairman
Flavio Torres Head-Global Operations
Gregory Edward Abel Independent Director
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