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For Kraft Mac & Cheese’s newest release, the 87-year-old brand is taking a page from hip streetwear companies. ... private label brands that cost about half the price of a box of Kraft. That has ...
In 2018, Kraft-Heinz introduced the KD Shaker, which was a plastic bottle of Kraft Mac and Cheese Dinner's powdered cheese, allowing one to use the cheese powder as they wish, without needing to worry about unused pasta. The product is similar to shelf-stable Parmesan cheese powder bottle cans. [16] [17]
On July 2, 2019, Kraft Heinz sold its Canadian natural cheese business, including the Cracker Barrel, P’tit Quebec, and aMOOza! brands to Parmalat for C$1.62 billion. [33] In September 2020, Kraft Heinz reached a deal to sell part of its cheese business to French multinational dairy product corporation Lactalis for $3.2 billion.
In August 2022, Kerry Group acquired the B2B powdered cheese business and related assets of The Kraft Heinz Company for consideration of $107.5 million. [24] In January 2023, IRCA, Advent International’s portfolio company, agreed to buy Kerry Group’s Sweet Ingredients Portfolio for €500 million. [25]
Kraft, whose brands include Philadelphia Cream Cheese and Heinz ketchup, said it raised prices by 3.8 percentage points in the fourth quarter when demand for its products was also robust.
Kraft Heinz’s latest quarter shows shoppers are pushing back against higher prices on their favorite brands by buying less.. The consumer staples company, whose brands include Velveeta, Oscar ...