date:Jul 04, 2019
Parmalat Canada has announced the completion of its acquisition of Kraft Heinzs Canadian natural cheese business for a consideration of C$1.62bn ($1.24bn).
The deal includes Canadian brands Cracker Barrel, Ptit Qubec and aMOOza!.
Under the terms of the transaction, Parmalat Canada acquired Kraft Heinzs production facility located in Ingleside, Ontario, along with relevant volumes of milk quotas and around 400 employees from the Ingleside facility.
Parmalat Canadas current operations include a