Industrial Economy
Kraft Heinz has purchased Assan Gıda
The Kraft Heinz Company announced today a deal to acquire Assan Foods, owned by Turkey’s Kibar Holding. The transaction is valued at approximately $100 million.
Assan Foods represents a fast-expanding sauce-specialized enterprise with domestic production plants in Balıkesir and İzmir that has served as an authorized manufacturing partner for Kraft Heinz since 2019. This acquisition provides Kraft Heinz with the strategic opportunity to expand its retail and foodservice operations throughout Europe, the Middle East, and Africa regions.
“This is a great opportunity to accelerate our international growth strategy centered on Taste Elevation,” said Rafael Oliveira, International Zone President at Kraft Heinz. “We believe Assan Foods is a high-performance organization that brings best-in-class local innovation and production of sauces and tomato products, as well as a significant distribution network in the fast-growing foodservice channel, enabling us to further build our scale and agility by expanding the Heinz brand in Turkey, as well as our International Taste Elevation platform more broadly.”
Assan Foods manufactures and sells a wide range of products including tomato paste, ketchup, mayonnaise, and pasta and meat sauces that appeal to a variety of international cuisines and are sold under brands such as Colorado, Kingtom, and Oba, as well as private label. With approximately 400 employees, Assan Foods serves the domestic market and exports to around 50 countries on four continents.
Assan Foods is heaqquartered in İstanbul. It was established in Balikesir in 1998 as a Kibar Holding investment in the food sector. It became one of the top producers in the region.
