Kraft and Sadia In Cheese Joint Venture

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US food giant Kraft Foods has announced it is to team up with Brazilian meat packer Sadia to sell processed cheese in Brazil. The two firms have revealed plans for a joint venture to be called K&S Alimentos SA in which Sadia will hold a 49% stake and Kraft will hold a 52% stake. The joint venture will produce and distribute Kraft's Philadelphia range of cheeses along with cheeses and pâtés produced by