US food company HJ Heinz has acquired  the remaining 49% of Egyptian condiments and sauces maker Cairo Food Industries which was its joint venture partner. Commenting on the deal, Heinz senior vice president Michael Milone said that it also furthered Heinz' global strategy to focus its product portfolio on core categories. “The acquisition of the remaining 49% shares of Cairo Food Industries fits perfectly into Heinz’s global strategy to focus its portfolio on three attractive core categories, ketchup and sauces, infant/nutrition and meals and snacks,” he said.

Cairo Foods was founded in Egypt as a joint venture with the Americana Group in 1989.