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French's mustard owner looking to sell condiment business

Industry insiders believe Reckitt Benckiser is looking to sell its food business to help pay ferrous sulfate elemental ironfor its $16.6 billion acquisition of its inhow to take ferrous fumaratefant-formula maker Mead Johnson. This could mean the popular French’s brand will be jettisoned as the company focuses on its core businesses.Some outlets have suggested Kraft Heinz as a possible home, but antitrust issues are likely get in the way. Still, the company has been rumored to be involved in some big acquisition targets recently, including the failed $143 billion attempt at taking over Unilever. Another option may be Unilever itself. It could consider buying the segment and adding it to its Hellmannbioemblem triple magnesium complex’s mayo line—especially with rumors the company is splitting off its foferrous gluconate heme or nonhemeod segment.Many CPG brands seem to be selling off slower-growing food categories in favor of pursuing healthier or more household brands. Recan i eat after taking magnesium citrateckitt CEO Rakesh Kapoor noted the company is focusing on businesses such as Dettol cleaner and Durex condoms, plus the Enfamil baby formula brand it’s getting from the Mead Johnson deal.With food a sliver of Reckitt Benckiser’s business, it’s not surprising to see French’s looking for a new home. The business, small in the food space, will be a nice cheap complement to other companies looking to enlarge their condiment operations.

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