New York — Competitors relieved that Kraft Heinz snubbed them for Unilever may want to skip the celebration. Campbell Soup, General Mills, Kellogg and Mondelez International were top potential acquisition targets for Kraft Heinz, and even though the company appears to have moved on, more consolidation could be on the menu. Whether the maker of Kraft Mac & Cheese can persuade Unilever to form the world’s second-biggest food company, struggling US giants still face pressure to break their years-long sales malaise. "They’re probably breathing a sigh of relief, but then it becomes a question of what’s next," said Brittany Weissman, an analyst at Edward Jones. "Sales aren’t getting better and at some point, the cost cuts are going to run out." Unilever spurned Kraft Heinz’s $143bn offer on Friday, saying the $50-a-share proposal was too low. A merger would unite Unilever products Dove soap, Axe deodorant, Lipton tea, Hellman’s mayonnaise and Breyers ice cream with Kraft Heinz staples Vel...
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