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Kraft Heinz Acquires Suntory’s Cerebos Food And Instant Coffee Business

October 19, 2017: 12:00 AM EST
Suntory Beverage & Food Ltd. (SBF) announced it has agreed to sell its Cerebos food and instant coffee business in Australia, New Zealand, and Asian Home Gourmet Singapore, to Kraft Heinz for $223 million. The sale, expected to close in early 2018, does not include Suntory’s fresh coffee business. Cerebos’ food and instant coffee business includes food brands such as Fountain, Gravox, Saxa, Foster Clark’s, Gregg’s, Bisto, Raro, and Asian Home Gourmet.  Product categories include sauces, gravies, herbs and spices, salt, condiments, Asian sauces, desserts, and cooking ingredients.
"Suntory Sells Cerebos Food & Instant Coffee Australia/NZ Business to Kraft Heinz", News release, Cerebos, October 19, 2017, via Medianet, © Cerebos
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