Heinz to acquire French sauce company Benedicta
Heinz to acquire French sauce company Benedicta
Heinz to acquire French sauce company Benedicta
The H.J. Heinz Co. announced today it's acquiring Benedicta, a French manufacturer of sauces, mayonnaises and salad dressings for an undisclosed price.
More than 100 years old, Benedicta has annual sales in the $90 million range. The company was the first in France to introduce tabletop mayonnaise, in 1957.
Heinz said the transaction is subject to review by regulatory agencies and a local Works Council, a committee representing workers elected to negotiate with management.
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