Kraft Heinz to Sell North American Coffee Unit to One Rock Capital Partners for $650 Million
Kraft Heinz (KHC) has announced the divestiture of its North American coffee business, including brands such as Maxwell House and Gevalia, to private equity firm One Rock Capital Partners. The deal is valued at an enterprise value of $650 million and is expected to close in mid-2027. Kraft Heinz will retain a 30% non-controlling equity stake in the unit following the transaction. The move comes as CEO Steve Cahillane continues his turnaround strategy, having previously paused plans to split the company into separate grocery and sauce entities. Despite a nearly 2% decline in quarterly net sales to $6.12 billion, the company's results slightly exceeded analyst estimates. The market responded positively to the news, with shares rising approximately 3% in premarket trading.
Tickers: $KHC
Topics: consumer goods divestiture earnings report private equity acquisition
Part of the story Kraft Heinz to Divest North American Coffee Business and Reinvest $700 Million in Core Brands (5 articles)