Kraft Heinz to divest its North American coffee business in $650 million deal
Summary
Kraft Heinz has agreed to sell its North American coffee division to private equity firm One Rock Capital Partners. The transaction is valued at six hundred fifty million dollars. Chief Executive Officer Steve Cahillane is pursuing the divestment as part of an effort to turn the company around.
Kraft Heinz will divest its North American coffee business to private equity firm One Rock Capital Partners as CEO Steve Cahillane works to revive the company.
Source: Read the full story at US Top News and Analysis
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