Kraft Heinz buys ANZ Cerebos assets for A$290 million

Thu, 19 Oct 2017

By Paul McBeth Oct. 19 (BusinessDesk) - Kraft Heinz, which counts Warren Buffett's Berkshire Hathaway as its biggest shareholder, will spend A$290 million buying Cerebos Food & Instant Coffee and Asian Home Gourmet from Suntory Beverage & Food. Japan's Suntory put the units on the block in April, saying it expected a deal to take six-to-nine months, and today the companies said they'd signed a deal which is expected to be completed in the first quarter of next year. The transaction, which is subject to regulatory approvals, will see Kraf...

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