Kraft Heinz to invest $250 million to upgrade Montreal plant

Heinz Tomato Ketchup and Kraft Foods' Easy Mac macaroni and cheese are seen on display in this composite image. (AP Photo/Gene J. Puskar, Paul Sakuma)

Kraft Heinz Canada said on Friday it will invest $250 million to modernize its Montreal-based manufacturing plant, as the company looks to ramp up production of its staple food products in the region.

The move comes as the packaged food maker attempts to revive demand under new top boss Steve Cahillane, after pausing its plans to split, while budget-conscious shoppers are snacking less and opting to spend on cheaper private-label brands.