Under the terms of the agreement announced in September 2020, the acquisition includes the Kraft Heinz Grated cheese business in Canada, marking Lactalis Canada's entry into the ambient category. As part of the transaction, Lactalis Canada is acquiring production capability at Kraft Heinz's plant in Montreal, Quebec.
"The integration of Kraft Heinz's Grated cheese business enhances Lactalis Canada's capacity and capability to provide Canadian consumers with quality household brands and perfectly complements our growing portfolio of broad-based dairy products with the addition of parmesan," said Mark Taylor, president & CEO, Lactalis Canada.
"This transaction reinforces our long-term investment in Canada and its food processing sector and marks Lactalis Canada's foray into this part of the category."
The addition of the Kraft Heinz Grated cheese business builds on Lactalis Canada's growth strategy, which includes the 2019 acquisition of Kraft Heinz Canada's Natural cheese business, including the Cracker Barrel, P'tit Québec and aMOOza! brands as well as the March 2021 acquisition of Agropur's Ultima Foods Inc. comprised of the IÖGO, IÖGO nanö and Olympic brands.