Clean Break: the company completely halting Russian engagements or exiting Russia
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The Kraft Heinz Company is an American food concern. The Kraft Heinz Company, commonly known as Kraft Heinz, is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalKraft Heinz is reportedly selling one of its facilities but it was not confirmed. Kraft Heinz Agrees to Sell Russian Baby Food Business (which is the secondary business), Local Buyer Says. GC Chernogolovka has closed a deal to purchase the baby food business of Kraft Heinz in Russia. As reported in the press release of the Group of Companies, the buyer was the holding company of the group - Aqualife Resource JSC. Two baby food factories became its property - in Ivanovo and Georgievsk (Stavropol Territory). The transaction amount is not disclosed.
Stopped new investments and exports/imports from Russia, American food manufacturer Kraft Heinz, the largest shareholder of which is Warren Buffett's Berkshire Hathaway, is putting up its business for the production of baby cereals, purees and other baby food for sale. The company continues to conduct a full-fledged business in Russia in its main category of sauces. The sale of the business concerned only the category of baby food. In the main category, the company is increasing its marketing activities in Russia (for example, see the new advertisement for the Picador brand https://www.youtube.com/watch?v=7T795vnCOw8). 03.2024: LLC "MANAGEMENT COMPANY "CHERNOGOLOVKA" becomes a management organization. 19.03.2024: JSC "AQUALIFE RESOURCE" becomes the new founder of the organization. The entry about the founder of the PRIVATE LIMITED LIABILITY COMPANY "H.J. HEINZ GLOBAL HOLDING B.V. was removed from the Unified State Register of Legal Entities.