Welcome

Thank you for visiting Paducahsun.com, online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

Kraft still harbors appetite for Unilever after rejection

Associated Press

NEW YORK -- Kraft Heinz is attempting to buy Unilever in a $143 billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayo, teas and seasonings in a global powerhouse.

Unilever rejected the approach and called the price too low, while Kraft Heinz says it's still interested in a deal. The shares of both companies surged to new highs as investors saw prospects for cost cutting.

A combination of Kraft Heintz, which sells Oscar Mayer meats, Jell-O pudding and Velveeta cheese, and Unilever, which owns brands including Hellmann's, Lipton and Knorr, would rival Nestle as the world's biggest packaged food maker by sales.

That might not lead to big changes that customers would notice on the supermarket shelves. But it's people's changing tastes, shifting away from boxed and canned groceries in favor of items that seem fresher or healthier, that are driving deal-making in the food industry.

Part of the challenge for companies like Kraft Heinz is the proliferation of smaller food makers marketing more wholesome products, which makes it harder for the established companies to drive up sales simply by selling more of their well-known products.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha f7ad3d79949e40be9f1e6361aa6ba823
Top Classifieds
  • Labrador Pups $500 839-1198 Details
  • HAVANESE PUPS AKC Home Raised, Best H ... Details
  • House for SaleAurora, KY2 Bdr, Liv RM ... Details
  • Lower town Condo w/ garage, Leslie He ... Details
  • SEEING is believing! Don't buy p ... Details
  • Hill Crest SubdivisionCorner Lot180x ... Details
  • Beautifully &Totally Renovated Co ... Details
  • Details
  • AUTOMOVER SPECIAL6 lines - 14 dayson ... Details
  • Old Ford Backhoefixable or for parts2 ... Details
  • 2007 NissanAltima Hybrid147,000 miles ... Details
  • White 2013 Chevy Impala LT 70k mls $8 ... Details
  • 2011 Outback Keystone Super Lite 277- ... Details
  • Coachman Pop-Up Camper $1800 270-744- ... Details

Most Popular
  1. Forbes ranks Louisville No. 1 in manufacturing resurgence
  2. City to host fire training program
  3. Crowd turns out for commission meeting
  1. Preliminary autopsy: Wreck killed Ford
  2. Crowd turns out for commission meeting
  3. Police arrest three following traffic stop
  1. Forbes ranks Louisville No. 1 in manufacturing resurgence
  2. City to host fire training program
  3. Crowd turns out for commission meeting
Discussion

Check out these recently discussed stories and voice your opinion...