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Kraft Heinz launches $100 million venture capital fund

The fund will invest in emerging tech companies transforming the food industry

Wayne Labs

October 8, 2018

Kraft Heinz has launched a new venture capital fund to invest in emerging tech companies that are transforming the food industry. Kraft Heinz has committed up to $100 million to the fund, named Evolv Ventures, and has hired investor Bill Pescatello to lead the fund.

Campbell's

M&As

Campbell Soup to buy Pacific Foods for $700 million

The acquisition is expected to expand Campbell’s healthful food offerings.

Debra Schug

July 7, 2017

Pacific Foods will become part of Campbell’s Americas Simple Meals and Beverages division.

Campbell Soup to invest in Chef'd

Debra Schug

May 25, 2017

Campbell Soup Company will invest $10 million in Chef’d, an online meal store.

News_People_Feat

Industry & People

December 6, 2011

Sara Lee Corp. announced an agreement to sell its fresh bakery businesses in Spain and Portugal to Mexico’s Grupo Bimbo S.A.B. de C.V. for approximately $154 million. The agreement includes all Sara Lee fresh bakery brands in Spain and Portugal as well as seven manufacturing facilities.

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