Exclusive-JBS, Sigma vie for Kraft Heinz's $3 billion hot-dog business, sources say

Quick Summary:

NEW YORK : Brazilian meatpacker JBS and Mexico's Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter.

Dealmaking in the packaged food sector has been robust over the past year, as large snacking companies have grappled with lower demand due to the impact of high price inflation and weight-loss drugs.

Sigma Alimentos is the food subsidiary of Mexican conglomerate Alfa that produces and distributes meats, cheese, yogurts, and other refrigerated and frozen foods in the Americas, Mexico, and Europe.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilMexico

Topics: Brands Sources Billion Oscar Packaged Mayer Food Heinz Company Kraft Brand

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 00:54:40 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23230951

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