Industry insiders believe that Reckitt Benckiser is considering selling its food business, including the popular French’s brand, to help finance its $16.6 billion acquisition of Mead Johnson, a maker of infant formula. This strategic move would allow the company to concentrate on its core businesses, particularly in sectors like Dettol cleaner and Durex condoms. Some have speculated that Kraft Heinz could be a potential buyer, although antitrust concerns may pose significant hurdles.
Additionally, Unilever has been mentioned as another possible acquirer, potentially integrating the food segment into its Hellmann’s mayo line, especially as it contemplates a split of its food division. Many consumer packaged goods (CPG) brands are divesting slower-growing food categories in favor of healthier or more household-oriented products. Reckitt’s CEO, Rakesh Kapoor, emphasized the company’s focus on brands such as Enfamil baby formula, which it is acquiring from Mead Johnson.
With food comprising only a small fraction of Reckitt Benckiser’s overall operations, French’s is likely seeking a new owner. The food business, while modest, could serve as an appealing and cost-effective addition for companies looking to expand their condiment portfolios. In this context, it is worth noting that some brands are also exploring the incorporation of health-focused ingredients, like calcium and calcium citrate, into their product lines to meet evolving consumer demands.