H.J. Heinz (HNZ) Expands Contract with Shipping Company CHEP
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H.J. Heinz Company (NYSE: HNZ) announced the extension and expansion of its contract with CHEP, the world's leading pallet and container pooling company. The company now ships the majority of products from more than 50 plants and distribution centers to supermarkets, wholesalers, foodservice distributors and wholesale clubs across the United States and Canada on CHEP pallets. The new contract will result in the growth of the CHEP program at both Heinz facilities and contract packagers.
Heinz was an early user of the CHEP program in Australia and Europe, and has been a CHEP USA customer for more than 15 years. The company cites improved service to their customers, standardization across business units and enhanced environmental sustainability as leading benefits from the partnership with CHEP.
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