Kraft in Talks to Buy Europe’s Unilever

Kraft in Talks to Buy Europe’s Unilever
At left, a Heinz ketchup sign is shown on the side of the Senator John Heinz History Center in Pittsburgh. At right, the Kraft logo appears outside of their headquarters in Northfield, Ill. U.S. food giant Kraft Heinz Co. AP Photo/File
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NEW YORK—U.S. food giant Kraft Heinz Co. confirmed that it’s made an offer to buy Europe’s Unilever and been rejected.

The company said Friday that talks are ongoing, but that no deal can be assured.

Kraft Heinz, maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese, said there’s no certainty that it will even make another offer.

Unilever’s brands include Hellmann’s, Lipton and Knorr.

Kraft Heinz is itself the result of a recent buyout.

Paul Polman, CEO of Unilever, speaks at the Global Compact Leaders Summit in New York, in this file photo. (AP Photo/Mark Lennihan)
Paul Polman, CEO of Unilever, speaks at the Global Compact Leaders Summit in New York, in this file photo. AP Photo/Mark Lennihan