American food giant Kraft Heinz has agreed to hand over a whopping $9 million dollars to Aussie dairy giant Bega Cheese
The two companies have been locked in a legal dispute over Bega’s use of the current packaging of its smooth and crunchy peanut butter products.
In a statement to the market today Bega Cheese says the companies have entered into a confidential agreement, which involves Kraft Heinz paying Bega Cheese corporation $9.25 million.
Kraft was disputing Bega’s right to use the distinctive yellow label and yellow lid packaging.
