Heinz, the ketchup and soup maker, announced this week that it will be selling some of its international firms. The selling will allow the company to focus on the more profitable companies in its operation.
The companies in question are the firm’s fruit and vegetable arm in northern Europe – an area that Heinz has been troubled with – and its poultry business in New Zealand. It will be looking to set up shop in China, Russia, India and Indonesia.
On top of this news, Heinz also posted an increase of 5% in fourth quarter profit, compared with the same time last year.
