Kraft Heinz, NotCo form joint venture

Kraft Heinz, NotCo form joint venture

M&A Technology United States Chile

US food and beverage company Kraft Heinz and Chilean food technology firm NotCo said they have formed a joint venture to produce plant-based products in the United States. Kraft will own a controlling stake in the joint venture, dubbed The Kraft Heinz Not Company, with headquarters in Chicago and production facilities in San Francisco, the companies said in a joint statement on Tuesday. Lucho López-May, head of NotCo in North America, will be the CEO of the joint venture, according to the press

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