Market News

Key Developments

The companies are adopting various organic and inorganic growth strategies to sustain their market positions such as partnership and mergers.

For instance, in March 2015, Krafts foods Group merged with H.J. Heinz and formed a new entity H.J. Heinz-Kraft Foods company, to expand their business.

In June 2017, Nestle acquired minority stake in Freshly, a leading producer of direct-to-consumer (DTC) freshly prepared meals, to expand distribution network in a rapidly changing U.S. market.

In August 2018, Tyson Foods, Inc. acquired Keystone Foods, a supplier of chicken, beef, fish and pork to restaurants as well as retail and convenience stores. The acquisition includes six processing plants and an innovation center in the U.S. It also includes eight plants and three innovation centers in China, South Korea, Malaysia, Thailand and Australia.

In April 2018, The Kraft Heinz Company partnered with Food Network Kitchen to supply salad dressings, cooking sauces and meal kits in global market.

For instance, in June 2017, Smithfield Foods acquired Pini Group's packaged meats companies in Poland. These companies will be operated by Animex Foods, one of the largest food producers in Poland and part of Smithfield Poland, which is owned by Smithfield Foods. This acquisition helped Smithfield Foods to expand its business in Poland market.