Following the closure, CHS will fall from second to third place in North American grain storage rankings, with a reduced capacity of 384.6 million bushels
The introduction of gluten-free crackers is a strategic move that will further propel the brand’s market growth and broaden its consumer base.
Unit sales also dipped, falling 8% year-over-year to US$724.9 million.
The deal was finalized through a wholly owned Bartlett-controlled entity, 1001239530 Ontario Inc., which acquired all issued and outstanding common shares of Ceres Global at US$4.50 per share in cash
Already, nearly 90 per cent of Kraft Heinz’s U.S. products are free of FD&C colors, by net sales