Heinz has revealed that it has entered advanced and exclusive negotiations with the Hain Celestial Group for the proposed sale of its UK frozen meat-free business.
The group said that the sale would include the Linda McCartney brand and a manufacturing facility in Fakenham.
Heinz added that it would consult with employees before the transaction was completed in early June.
William R Johnson, chairman, president and CEO of Heinz, said: "We are nearing the completion of the portfolio transformation in Europe. Our European business is now a leaner and more focused portfolio and we will be growing the retained core businesses with product and packaging innovation."
The group said that the sale would include the Linda McCartney brand and a manufacturing facility in Fakenham.
Heinz added that it would consult with employees before the transaction was completed in early June.
William R Johnson, chairman, president and CEO of Heinz, said: "We are nearing the completion of the portfolio transformation in Europe. Our European business is now a leaner and more focused portfolio and we will be growing the retained core businesses with product and packaging innovation."
No comments yet