The Kraft Heinz Company Acquires Majority Stake in Just Spices

Woodland Gourmet Acquires International Spices

October 27, 2025

Food & Beverage

Woodland Gourmet has acquired International Spices, a developer of custom seasoning blends for snacks, proteins and prepared foods, to expand its custom seasoning and flavor development capabilities across foodservice, retail and industrial channels. The deal strengthens Woodland's product portfolio and manufacturing/commercialization resources; terms were not disclosed.

McCormick & Co. to Acquire Additional 25% Stake in McCormick de Mexico JV for $750M

August 22, 2025

Food & Beverage

McCormick & Co. plans to acquire an additional 25% ownership interest in McCormick de Mexico from joint venture partner Grupo Herdez for $750 million, raising its stake to 75%. The deal is expected to create more growth opportunities in Mexico and serve as a platform for further expansion across Latin America.

SK Capital Acquires J&K Ingredients from CORE Industrial Partners

October 11, 2023

Food & Beverage

Funds advised by SK Capital Partners have acquired J&K Ingredients from CORE Industrial Partners. The acquisition, completed November 20, 2023, positions SK Capital to build a clean-label food & beverage ingredients platform around J&K's specialty preservative and bakery ingredient capabilities; debt financing was provided by KeyBanc Capital Markets, Kayne Anderson Private Credit, and Benefit Street Partners.

iSpice Foods Acquires Spice Chain Corporation from Frontenac

September 20, 2022

Food & Beverage

iSpice Foods, a privately held spice importer and processor based in Jackson, Alabama, has acquired Spice Chain Corporation, a New Jersey-based importer, processor and supplier of spices and seasonings. The seller was Frontenac, which had previously owned Spice Chain; financial terms were not disclosed and Boxwood Partners acted as sell-side advisor.

Kraft Heinz Acquires Majority Stake in Hemmer

April 1, 2022

Food & Beverage

The Kraft Heinz Company completed the acquisition of a majority stake in Companhia Hemmer Indústria e Comércio, a 107-year-old Brazilian food company based in Blumenau, Santa Catarina. The deal—approved without restriction by Brazil's antitrust body CADE—expands Kraft Heinz's Taste Elevation platform and accelerates its growth and distribution in the Brazilian retail and foodservice channels.

Kraft Heinz Acquires Assan Foods from Kibar Holding

October 4, 2021

Food & Beverage

The Kraft Heinz Company completed its acquisition of Assan Foods from Turkish conglomerate Kibar Holding. The deal brings Assan's sauces, tomato products and local manufacturing footprint in Turkey into Kraft Heinz's International Zone to expand retail and foodservice presence across Europe, the Middle East and Africa.