Kraft Heinz, Unilever Reportedly Considered Merger Of Food Businesses

Kraft Heinz (KHC) and Unilever (UL) reportedly held talks recently on merging their food brands.

The Financial Times reported on Wednesday that the two consumer goods companies discussed merging Unilever’s food business and Kraft Heinz’s condiments division. The talks have now ended, the report said.

The report comes on the heels of an earlier report from Bloomberg this week which said that Unilever, the maker of Hellmann's mayonnaise, is in the early stages of considering a separation of its food assets as it looks for ways to further streamline its sprawling portfolio. The company is considering a potential separation of most or all of its food business, the report had said. 

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