IFLR1000

Parmalat C$1.62 billion acquisition of Kraft Heinz Canada's natural cheese business

2/7/2019
Asset acquisition
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C$ 1.62 billion

Completed

2/7/2019

Overview:

  • Italian multinational food and dairy company Parmalat has completed its C$1.62 billion acquisition of Kraft Heinz Canada's natural cheese business. 
  • The sale included brands such as Cracker Barrel and P'tit Quebec. 
  • RBC Capital markets acted as exclusive financial adviser for Kraft Heinz Canada. 
  • The transaction was first announced in November 2018. 

Kurt Stumpo - US Editor

Jurisdictions:

Canada
United States
Italy

Deal type:

Asset acquisition

Practice area:

M&A

Industry sector:

Food and beverage

Firms:
Fasken

Party: Kraft Heinz Canada (Seller)

Norton Rose Fulbright Canada

Party: Parmalat (Acquirer)

Lawyers: Paul Fitzgerald, Walied Soliman

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