The Kraft Heinz Company - KHC STOCK NEWS

The Kraft Heinz Company (Nasdaq: KHC) will announce its second quarter 2021 financial results on Wednesday, Aug. 4, 2021. A press release and supplemental materials will be available before the market opens, followed by a live Q&A session with management starting at 9:00 a.m. Eastern Daylight Time. Interested parties can access the earnings release and audio of the session on ir.kraftheinzcompany.com. A replay will be accessible after the event.

Kraft Macaroni & Cheese is partnering with Van Leeuwen Ice Cream to launch a limited-edition ice cream flavor, combining the classic macaroni and cheese taste with a frozen treat. Available starting July 14, coinciding with National Macaroni & Cheese Day, the ice cream will be sold online and at Van Leeuwen locations for $12 per pint. The ice cream contains no artificial flavors or preservatives, emphasizing quality ingredients. Consumers can even get a free taste at a Union Square ice cream truck on launch day.

Heinz has unveiled new eco-friendly caps for its squeezy sauce bottles, ensuring they are 100% recyclable. This initiative follows eight years and $1.2 million in R&D, focusing on sustainability. The new caps will be introduced globally in 2022, starting in Europe, and will initially feature on Heinz Tomato Ketchup and BBQ Sauce. This change could enable the recycling of one billion plastic caps, significantly reducing landfill waste. The company's long-term goal is to make all packaging recyclable, reusable, or compostable by 2025.

Kraft Heinz Company (Nasdaq: KHC) introduces Just Crack an Egg Omelet Rounds, a new quick breakfast product made with cage-free eggs. These protein-packed rounds are available in four flavors: All American, Three Meat, Classic, and Broccoli Cheddar, retailing at $3.49. Designed for convenience, they can be prepared in under a minute. The product emphasizes quality with no artificial flavors, dyes, or preservatives. Just Crack an Egg aims to satisfy breakfast lovers seeking an easy and delicious solution to morning meals.

The Kraft Heinz Company (Nasdaq: KHC) announced the appointment of Kathy Krenger as Chief Communications Officer, effective July 21. Krenger, previously Senior VP at Hyatt Hotels, brings over 25 years of experience in corporate communications. She takes over from Michael Mullen, who will retire on Aug. 15 after 23 years with Kraft Heinz. CEO Miguel Patricio praised Krenger's strategic thinking and background in the food and beverage industry. Kraft Heinz aims to drive transformation and growth in its brands while remaining committed to sustainability.

Kraft Heinz announced the completion of cash tender offers for its outstanding notes, totaling up to $2.8 billion. The offers expired on June 11, 2021, with approximately $1.42 billion of notes accepted for an aggregate purchase price of about $1.70 billion, including premiums and accrued interest. The settlement date for these transactions is June 14, 2021. Kraft Heinz engaged multiple banks as dealers for the offers. This strategic move is expected to reduce the company’s overall debt obligations and improve its financial flexibility.

The Kraft Heinz Company (Nasdaq: KHC) has signed an agreement to acquire Assan Foods from Kibar Holding for approximately $100 million. Assan Foods, established in 1998, specializes in sauces and operates local manufacturing in Turkey. This acquisition aims to enhance Kraft Heinz's retail and foodservice operations across Europe, the Middle East, and Africa. The deal is pending customary closing conditions, including regulatory approvals, and is expected to conclude in H2 2021.

Kraft Heinz announced cash tender offers to purchase up to $2.8 billion of its outstanding notes through its subsidiary Kraft Heinz Foods Company. The Offers include various series of Senior Notes, with principal amounts ranging from $235 million to nearly $2 billion. The Offers are subject to conditions outlined in the Offer to Purchase dated June 7, 2021, and will expire on June 11, 2021. Holders can withdraw their tendered Notes until the same expiration date. Settlement for accepted Notes is expected on June 14, 2021. Further details are available through the appointed dealer managers and tender agent.

Hormel Foods Corporation has finalized its acquisition of the Planters® snacking portfolio from Kraft Heinz, marking its largest purchase to date. This deal includes popular brands such as NUT-rition®, Cheez Balls, and Corn Nuts®, along with three production facilities. The acquisition is part of Hormel's strategy to expand its snacking offerings and enhance its brand portfolio, which also features SKIPPY® and SPAM®. Hormel's leadership anticipates significant growth potential for the Planters® brand fueled by its marketing and sales capabilities.