Home › News

Kraft Heinz to divest its North American coffee business in $650 million deal

Image: CNBC

Kraft Heinz announced Wednesday that it will divest its North American coffee unit in a deal that values the business at $650 million on an enterprise basis, as it works to refocus on its core brands.

The deal with private equity firm One Rock Capital Partners includes brands such as Maxwell House and Gevalia and is expected to close in mid-2027, the company said in a news release. Kraft Heinz will retain a 30% noncontrolling equity stake in the business.

Kraft Heinz said it will use the $500 million of post-tax cash proceeds from the transaction to pay down its debts as it works to prioritize resources where it can accelerate growth.

Continue reading at CNBC

This page shows only an excerpt. The full story is published by CNBC.

More news View More

Rupiah Bangkit ke Rp18.084 per Dolar AS Pagi Ini

CNN Indonesia · 11m ago

Breaking! IHSG Melesat 3%, Ini Penyebabnya

CNBC Indonesia · 12m ago

Rupiah Dibuka Menguat 0,19% ke Rp18.120 per Dolar AS

CNBC Indonesia · 13m ago

Ujian Ketahanan Industri Nasional di Tengah Gejolak Rupiah

Liputan6 · 15m ago

Ditemukan Pelanggaran, BKN Blokir Data Kepegawaian Pemprov Sulbar

Liputan6 · 21m ago

Breaking! Pembukaan IHSG Naik 2% Lebih, Ini Penyebabnya

CNBC Indonesia · 32m ago

Ujian Ketahanan Industri Nasional di Tengah Gejolak Kurs

Liputan6 · 36m ago

IHSG Berakhir Menguat, Simak 5 Saham Pilihan Hari Ini

CNBC Indonesia · 41m ago