ComCom clears Kraft Heinz to buy NZ Cerebos units, conditional on sauce divestments

Thu, 08 Mar 2018

By Tina Morrison March 9 (BusinessDesk) - The Commerce Commission has cleared US food company Kraft Heinz to buy Cerebos Food & Instant Coffee and Asian Home Gourmet from Japan's Suntory Beverage & Food, subject to the divestment of some sauce brands. Japan's Suntory put the units on the block in April last year and announced it had reached a deal with Kraft Heinz in October. The Commerce Commission today granted clearance for the New Zealand part of the global deal on the condition that Kraft's local unit Heinz Wattie divest the licences...

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