The chief executive of Kraft Heinz, Bernardo Hees, has said that he believes the FMCG sector will see more consolidation, and has suggested that the Heinz ketchup and Planters peanuts maker could be one of the driving forces in that process.
Speaking at the Barclays Global Consumer Staples Conference in Boston, Hees said, "We believe there will be more consolidation in the industry. We want to be of course behind that if we can.
"We like strong brands. We like business that can travel and we like business that can have synergies that we can reinvest behind that."