Acquisitions firm Reich Brothers Holdings has purchased the Kraft Heinz Company’s former Oscar Mayer facility in Madison, US.
Kraft Heinz closed the factory in June 2017 after an extensive review of its North American supply chain footprint, capabilities, and capacity utilisation. Products manufactured there were transitioned to other Kraft Heinz facilities in the US.
Michael Mullen, senior vice president of Corporate and Government Affairs at The Kraft Heinz Company, said: “We’re pleased to announce that Reich Brothers has agreed to purchase the historic Oscar Mayer facility. We want to thank Mayor Paul Soglin, Gov. Scott Walker and their teams for working closely with us as they sought to redevelop this site.”
Adam Reich, chief executive of Reich Brothers Holdings added: “This property is an integral part of Madison’s history, as well as the history of food manufacturing in the US. We understand the importance of the facility and the impact that its closing has had on the area. We look forward to repositioning it for future use, taking into account the values, desires and needs of the community. We will work closely with local officials to achieve these goals.”