Kraft Heinz Signs Agreement with Upstate Niagara Cooperative to Sell its Campbell, N.Y. Facility CAMPBELL, N.Y.--(BUSINESS WIRE)--Jun. 30, 2017--
The Kraft Heinz Company (NASDAQ: KHC) and Upstate Niagara Cooperative
announced today that they have signed an agreement by which Upstate
Niagara will purchase the Kraft Heinz cheese plant located in Campbell,
N.Y. Closing of the deal is expected to be completed within the next 30
to 60 days.
“We’re thrilled to announce that Upstate Niagara Cooperative has agreed
to purchase our Campbell dairy facility and has signed a long-term
co-packing agreement with Kraft Heinz,” said Michael Mullen, SVP of
Corporate & Government Affairs at The Kraft Heinz Company. “This deal
guarantees that at least 125 jobs will remain in Campbell with
anticipated growth to 150 within a year, during which our business
customers will experience zero disruption in the service of our dairy
products. As part of our commitment to this transaction, Kraft Heinz has
pledged an ongoing investment of $3 to 5 million to improve and maintain
the Campbell facility.”
“We look forward to adding the Campbell cheese facility to our
organization in the coming weeks,” stated Larry Webster, CEO of Upstate
Niagara Cooperative. “As a dairy cooperative owned by farm families
throughout the region, this acquisition is an investment by our member
owners towards continued and long-term growth for our cooperative and
the Campbell facility. We are proud to be able to keep manufacturing
jobs within the community while offering additional products and
manufacturing capabilities to our customers.”
Both Mr. Mullen of Kraft Heinz and Mr. Webster of Upstate Niagara wished
to add, “Our sincerest thanks go to New York Governor Andrew Cuomo, to
U.S. Senator Chuck Schumer, and to all Federal, State, and Local
government representatives who are helping to secure the long-term
prosperity of this facility and the hardworking men and women of
Campbell, New York.”
About Upstate Niagara Cooperative
Upstate Niagara Cooperative, Inc. is a farmer-owned cooperative of 360
dairy farms throughout Western New York dedicated to producing,
manufacturing and distributing high-quality, fresh and delicious dairy
products. Our farmers take pride in our organization and work hard every
day to provide the best-tasting dairy products marketed under the
Upstate Farms®, Bison®, Intense Milk®, and Valley Farms® brands along
with our partners’ brands. We are committed to a cleaner planet,
stronger community and brighter future for families through food science
innovation, state-of-the-art manufacturing and technology, animal
well-being and sustainable farming. For more information, visit www.UpstateNiagara.com.
About Kraft Heinz
The Kraft Heinz Company (NASDAQ: KHC) is the fifth-largest food and
beverage company in the world. A globally trusted producer of delicious
foods, The Kraft Heinz Company provides high quality, great taste and
nutrition for all eating occasions whether at home, in restaurants or on
the go. The Company’s iconic brands include Kraft, Heinz, ABC,
Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell
House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero,
Weight Watchers Smart Ones and Velveeta. The Kraft
Heinz Company is dedicated to the sustainable health of our people, our
planet and our Company. For more information, visit www.kraftheinzcompany.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170630005329/en/
Source: The Kraft Heinz Company
The Kraft Heinz Company
Michael Mullen
SVP of Corporate
& Government Affairs
Michael.Mullen@KraftHeinzCompany.com
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