Kraft Heinz to divest its North American coffee business in $650 million deal
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.
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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.
The Kraft Heinz Company reported its third quarter 2026 financial results, with net sales decreasing 2.0 percent year-over-year to $6.1 billion. Organic Net Sales decreased 1.1 percent, driven by a volume/mix decline of 1.1 percentage…
Kraft Heinz said on Wednesday it would divest its North American coffee business in a deal that values the unit at $650 million.
The company is hoping its turnaround strategy will spur growth in 2027 and beyond.