Kraft Heinz to Divest North American Coffee Business for $650 Million
The Kraft Heinz Company (KHC) has reached an agreement with an affiliate of One Rock Capital Partners to sell its North American coffee division. The transaction is valued at an enterprise value of approximately $650 million. The divestment includes major brands such as Maxwell House, marking a strategic shift for Kraft Heinz as it streamlines its portfolio. This move allows the company to focus on core segments while unlocking capital through the sale of non-core assets.
Tickers: $KHC
Topics: business sale coffee industry divestiture
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Part of the story Kraft Heinz to Divest North American Coffee Business and Reinvest $700 Million in Core Brands (5 articles)