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News Roundup – Food-Chain News You Might Have Missed

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Touch the Soil News # 134 Kraft-Heinz Merger, Now a Reality The much publicized merger between Kraft Foods and Heinz is now completed according to a recent company press release. Together, the two companies form the third largest food and beverage company in North America and the fifth largest in the world. The Company’s immediate focus will be on integrating the two businesses, establishing a new organizational structure and delivering its 2015 financial objectives. Unfortunately for the employees, stockholders have high expectations, some of which will be funded by eliminating jobs. Estimated are 7,000 job cuts at Heinz and as yet an undetermined number at Kraft. Following is a short…

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