Kraft Heinz announced Friday that it is acquiring sauce and condiment maker Assan Foods from Turkish conglomerate Kibar Holding.
According to a statement from Kraft Heinz, the deal values Assan Foods at $100 million.
The deal, which is expected to close later this year, allows Kraft Heinz to grow its retail and foodservice business in Europe, the Middle East and Africa. Assan Foods, which is headquartered in Istanbul, has manufacturing facilities in Balikesir and Izmir, both of which are certified…
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