"Look, we dream big and that's not going to go away," Hees says. "We like solid brands, we like businesses that could travel internationally and be global and we like businesses with synergies that you can capture and then reinvest."
Hees declined to say if a deal was coming within the next year. But he really hammered home the importance of finding the right strategic fit, whether it's a small or large company.
"It is true that valuations are off their peak, which makes things much more attractive today than they were three months ago -- but for us it's more about finding the right deal and the combination of the thinking and framework," Hees explained.
To be sure, Kraft Heinz will have competition from some big rivals in the food space for attractive targets.
"We have certainly been favoring bolt on acquisitions in recent years," Quincey said in the below video.
"We can go big," Hayes said in the below video.
The Full interview on Youtube: Inside Kraft Heinz' Major Reinvention