Kraft Heinz 's portfolio is expanding due to its latest acquisition. The company announced that it has reached an agreement to acquire an 85% stake in Germany-based Just Spices. The remaining 15% ownership stake will be retained by the brand's three founders, who will continue on with the company. Launched in 2014, Just Spices' product portfolio includes spice blends, salad dressings, and easy-to-prepare "In Minutes" blends for diverse meal occasions ranging from breakfast and light snacks to salads and baking, with a broad range of savory, sweet, classic and exotic flavors. [Read More: Hilco debuts Kool-Aid Dipping Candy ] "This is a great opportunity to further accelerate our growth agenda by strengthening our ability to anticipate trends in consumer tastes and preferences, as well as our speed to innovate," Rafael Oliveira, international zone president at Kraft Heinz said.