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NEW YORK - Ketchup and salad dressing maker H.J. Heinz Co. said Wednesday it plans to buy Paris-based sauce maker Benedicta to grow its sauce business in France.
| HNZ | 41.58 |  -1.57 |
Financial terms of the deal were not disclosed.
Heinz said the acquisition will "contribute to our strategy to grow our sauces business in France."
Benedicta makes table-top sauces, mayonnaises and salad dressings. Heinz said Benedicta has about $90 million in sales.
Heinz shares rose 1 cent to $47.40 in afternoon trading.
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