Heinz in talks to buy European food company

- Last updated on GMT

Related tags: H.j. heinz co., Netherlands

US food group, H.J. Heinz Co. announced Wednesday that it has begun
talks to acquire a major European food company that sells soups,
packaged vegetables,...

US food group, H.J. Heinz Co. announced Wednesday that it has begun talks to acquire a major European food company that sells soups, packaged vegetables, sports drinks and fortified juices , Associated Press reports. Heinz is negotiating to buy the CSM Food Division of CSM Nederland NV of Diemen, near Amsterdam. Heinz expects to complete the merger early in 2001, the company said in its announcement. Any agreement would have to be approved by European Union regulators. CSM Food Division is a major food company in Belgium, the Netherlands and Luxembourg. It holds the No. 1 or No. 2 brands in each of its markets. Brands include the Honig brand of soups, sauces and pastas; Hak brand of vegetables packed in glass; and KDR (Koninklijke De Ruijter) brand sports drinks and fortified juices.

Related topics: Market Trends

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