Bottled and jarred packaged goods, the new agreement provides the companies with a way to expand their businesses in Europe.

Agreement

“This agreement will further help our customers to continue offering their customers an unrivaled shopping experience,” said Kanaan. “We will be able to offer a more convenient shopping experience, in particular in the U.K., and continue to deliver great-tasting products that we know our customers will love.”

“With this new agreement, Kanaan and Kraft will be able to offer customers even more value and convenience in Europe,” said Yevgeny Klyuyev, President of Kraft Foods and goods group Europe. “We are very proud to partner with Kanaan, and look forward to providing even more delicious food for our customers in Europe, through their famous brands and our innovative packaging.”

About Kraft Foods Group

Kraft Foods Group is one of the world’s leading bottled and jarred packaged goods companies, delivering brands that inspire and enable people to eat, drink and be happy. Our vision is to be the most valuable branded food goods and Beverage Company in the world. With our brands, we help people eat, drink and be happy every day. Our success is built on giving our associates – more than 90,000 people worldwide – the opportunity to do what they do best every day. Kraft Foods Group is a member of the Standard & Poor’s 500® Index, an honor held by approximately two dozen companies around the world. For more information, visit.

About Kanaan Foods

Kanaan Foods is a leading European brand company in the food industry. It is the largest European producer of condiments, sauces, soups and dips. Kanaan is part of the Kraft Foods Group and offers more than 10,000 different products to its customers in over 40 countries. Kanaan is active in all the key European markets, including Germany, the U.K

For the year ending in October 2018, the number of stores selling groceries increased by 3,000 to 7,334.

  • The number of convenience stores increased by 6,000 to 35,110.
  • The number of supermarkets and grocery stores increased by 10,000 to 136,900.
  • The number of dollar stores increased by 8,000 to 34,600.
  • The number of specialty stores increased by 5,000 to 4,450.
  • The number of all stores selling groceries increased by 4,000 to 213,200.
  • The number of convenience stores increased by 6,000 to 35,110.

All product names are trademarks or registered trademarks of their respective holders. Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts. These statements include, among others, statements regarding Kanaan’s plans and expectations.

These statements are subject to risks and uncertainties, including those relating to the ability of the parties to execute definitive agreements and to the other risks and uncertainties described in Kanaan’s filings with the Securities and Exchange Commission. Kanaan assumes no obligation to update the information contained in this press release.

Environmental Impact of Plastic

Nestlé is in a position to benefit from the wide-scale adoption of reusable food and goods containers jars. There is no doubt that the environmental impact of plastic is now recognized, and the associated health risks are becoming better understood. Indeed, Nestlé’s own global environmental strategy has acknowledged that plastic has “unintended environmental and health consequences.”

Plastic is a powerful material that can be molded into a wide range of forms. It is light, strong, and very durable. Plastic is, of course, cheap, but it is also a very inefficient material. Plastic does not biodegrade, it does not absorb water, it does not transmit flavors, and it does not retain heat. Its very fragility is a serious drawback. And, of course, the vast amount of plastic used is also a serious environmental problem.

By using biodegradable packaging for their mineral water, Nestlé is taking a significant step in the right direction. But Nestlé has the capacity to do much more. It can produce the plastic it uses in large quantities. It can then market the containers as “eco-friendly” and help customers to make a transition to reusable packaging.

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