News media today saidH.J. Heinz Co. completed the sale of itsKabobsfrozen hors d'oeuvres business, including a factory in Lake City, Ga. A Heinz spokeswoman said the business was purchased by theHunt Group, a private investment group in Atlanta, according to a Heinz spokeswoman.
In a regulatory filing, Pittsburgh-based Heinz said the business had sales of about $17 million and was part of its U.S. Foodservice operation. As a result of the deal, Heinz will record a pre-tax loss of about $15 million.
In other news, theAssociated Pressreported that the Heinz Frozen Food plant in Pocatello, Idaho, laid off 65 workers.
Spokesperson Jessica Jackson confirmed the news and said the layoffs were necessary to make sure the number of employees were in line with the production needs at the Pocatello facility. The operation still employs more than 700 people.
Heinz trims frozen biz, workforce
September 23, 2009