Chernogolovka Group of Companies agreed to acquire Baby Food Business in Russia from The Kraft Heinz Company (NasdaqGS:KHC) on March 31, 2023. The transaction is subject to regulatory approval. The transaction is expected to complete in summer of 2023.

Chernogolovka Group of Companies completed the acquisition of Baby Food Business in Russia from The Kraft Heinz Company (NasdaqGS:KHC) on March 19, 2024. Chernogolovka will continue to produce products under the Heinz brand for six months following the completion of the transaction.