Kraft Archives | Alberta Farmer Express

U.S. CFTC says Kraft, Mondelez to pay $16M in wheat price manipulation case

By Reuters August 15, 2019

Reuters — The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz and Mondelez International will have to pay US$16 million in penalty regarding a wheat manipulation case that dates back to 2015. Kraft Heinz, which was Kraft Foods until 2015, and snack food firm Mondelez bought $90 million of December 2011 wheat […] Read more

Dairy Cattle, Livestock

Parmalat’s play for Kraft cheeses clears regulators

By GFM Staff May 31, 2019

Dairy giant Parmalat’s proposed $1.62 billion deal for Kraft Heinz’s “natural” cheese business in Canada has cleared federal antitrust regulators. The federal Competition Bureau on Thursday said it issued a “no action letter” to the two companies and would put up a position statement detailing its reasons in the “coming days.” The deal is expected […] Read more

Crops, Reuters

Kraft walks away from ‘friendly’ bid for Unilever

By Carl O'Donnell February 20, 2017

New York | Reuters –– U.S. food company Kraft Heinz withdrew its proposal for a US$143 billion merger with larger rival Unilever, the companies said Sunday, raising questions about whether Kraft will turn its focus to another target. Kraft had made a surprise offer for Unilever to build a global consumer goods behemoth — an […] Read more

Crops, Reuters

Austere empire-building weighs on Kraft’s Unilever bid

By Lauren Hirsch, Michael Flaherty February 18, 2017

Reuters — Buyout firm 3G Capital managed to build a consumer empire with a market value of over US$140 billion in just seven years. Yet its ruthless approach to costs may end up hampering 3G-backed Kraft Heinz’s US$143 billion bid for Unilever Plc. 3G made its name in corporate America by orchestrating large debt-laden acquisitions […] Read more

Cereals, Crops, Spring Wheat, Winter Wheat

Ardent to buy major Ontario soft wheat mill

By Alberta Farmer Staff August 20, 2015

The owner of Canada’s Robin Hood flour mills is poised to buy the biggest soft wheat milling operation in the country. Ardent Mills, the joint North American flour venture of agrifood giants Cargill, CHS Inc. and ConAgra, announced Thursday it will buy the former Kraft Milling operation in Mississauga, Ont. from Mondelez Canada for an […] Read more

Crops, Markets, Reuters

Kraft Heinz to cut 2,500 jobs in Canada, U.S.

By Reuters August 12, 2015

Reuters — Kraft Heinz Co. said it will eliminate 2,500 jobs in the U.S. and Canada, including about 700 at its Chicago-area headquarters. Heinz, backed by Warren Buffett’s Berkshire Hathaway and Brazilian private equity firm 3G Capital — known as an aggressive cost-cutter — combined with Kraft in March in a $46 billion deal that […] Read more

Dairy Cattle, Fruit/Vegetables, General, Markets

Canadian, U.S. regulators clear Heinz and Kraft merger

By Alberta Farmer Staff June 11, 2015

Antitrust regulators in both Canada and the U.S. have fixed their seals of official inaction on ketchup giant H.J. Heinz’s play for control of Kraft Foods Group. Canada’s Competition Bureau has confirmed that it wrapped its review of the proposed deal and issued its “no action” letter to the companies on Wednesday. A “no action” […] Read more

Dairy Cattle, Livestock, Markets, Reuters

Nestle says taking action to keep top slot in food industry

By Martinne Geller April 16, 2015

London | Reuters — Nestle told shareholders Thursday it is taking steps to maintain its position at the head of the global food industry, where consolidation will create two big new rivals. Nestle chairman Peter Brabeck-Lemathe told the company’s annual shareholder meeting the creation of Kraft Heinz Co. and Jacobs Douwe Egberts, as well as […] Read more

Cereals, Crops, Markets, Reuters

U.S. CFTC sues Kraft, Mondelez over alleged wheat price manipulation

By Anjali Athavaley, douwe-miedema April 1, 2015

Reuters — The U.S. Commodity Futures Trading Commission on Wednesday charged Kraft Foods Group and Mondelez International with manipulation of prices of wheat used in products such as Oreo and Chips Ahoy cookies. The regulator alleged that Kraft and Mondelez bought $90 million of wheat futures, or a six-month supply, but never intended to take […] Read more

Cereals, Dairy Cattle, General, Markets, Reuters

Kraft to combine with Heinz in deal led by 3G, Buffett

By Anjali Athavaley, Sruthi Ramakrishnan March 25, 2015

Reuters — Ketchup maker H.J. Heinz, owned by 3G Capital and Warren Buffett’s Berkshire Hathaway, is acquiring a majority stake in Kraft Foods Group to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft — which operates 35 plants in Canada, the U.S. and Puerto Rico — were up more […] Read more

Canada’s wheat ending stocks projections raised

Fund traders grow long positions in canola, U.S. futures

Prairie cash wheat: Bids mixed

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