Deals this week: The Kraft Heinz Company, SnackNation, Weiback

The Kraft Heinz Company plans to raise $300m through a public offering of senior notes.

The notes carry a coupon rate of 3.375% and are due in June 2021.

In addition, the company simultaneously plans to raise $1.1bn and $1.6bn through a public offering of 4.625% and 4% senior notes due in January 2029 and June 2023 respectively.

Kraft Heinz is a consumer packaged food and beverage company based in the US.

The company plans to use the funds for general corporate purposes and to reduce its debts.

SnackNation has raised $12m through a series B venture funding round from 3L Capital.

The total amount of venture funding raised by SnackNation has reached $22.5m following the transaction.

SnackNation primarily provides healthy snack delivery services to offices, while 3L Capital is a venture capital firm.

Both companies involved in the transaction are based in the US.

Weiback has raised an undisclosed amount in a pre-series A venture financing round, which was led by Kinzon Capital.

China-based Weiback is an e-commerce platform offering a variety of high-quality speciality foods, including traditional Chinese delicacies, while Kinzon Capital is a venture capital firm based in the US.

Nestle has signed an agreement to purchase ConAgra Brands’ manufacturing plant in Trenton, Missouri, US.

The Trenton manufacturing assets are expected to help Nestle to carry out various operations and manufacturing activities required for its foodservice brand, Chef-mate.

The deal will also enable Nestle to manufacture products such as country sausage gravy, chilli con carne and golden cheese sauce for its Conagra brand.

Switzerland-based Nestle is a food and beverage company, while ConAgra is a packaged foods firm based in the US.

Hi-Tech Pharmaceuticals and The Fairmont Creamery & Sustainable Community Associates have signed an agreement to manufacture whey and milk proteins.

The transaction also includes the development of a new Fairmont Creamery line of ice cream-flavoured protein.

Hi-Tech Pharmaceuticals is primarily involved in the development, manufacture and sale of herbal nutraceutical products, while The Fairmont Creamery & Sustainable Community Associates produces and distributes milk and other dairy products.

Both companies involved in the transaction are based in the US.

Naturell India Private Limited has received funding from Rabo Equity Advisors.

Naturell India Private Limited produces and markets nutritional bars under the brand Rite Bite, while Rabo Equity Advisors is a private equity firm.

Both companies involved in the deal are based in India.

The funds from the transaction will be used by Naturel India to build its brand and further expand its distribution network.

Spark Capital Advisors (India) Private Limited acted as financial adviser to Naturel India in support of the deal.