Mergers and acquisitions in the food sector rarely draw the eye of supermarket shoppers. The companies involved are sometimes too obscure for customers to care—take for example the ongoing litigation surrounding the attempt to merge America’s two largest food service companies, Sysco and US Foods.
But name recognition has brought the recently announced merger of H.J. Heinz Co. and Kraft Foods Group Inc. to the fore of business news. After all, these companies’ products are household staples—most readers of this article probably have a Heinz or Kraft product in their refrigerator right now. While this merger may seem innocuous—who cares that the mac and cheese company owns the ketchup company?—there could be serious ramifications for consumers and producers.