Kraft Heinz is selling its baby food business in Russia to local snack and beverage manufacturer Chernogolovka. Price was not disclosed.
Chernogolovka has been a beneficiary of the exodus of American food companies from Russia in the past year, acquiring the local operations of Kellogg Co. and seeing its share of the soft drinks market rise as Coca-Cola and Pepsi retreated, according to Reuters news service.
Apparently, the deal will include two factories and the Umnitsa and Sami s usami brands. The deal should close in the second half of this year.
Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.
