⁍ Kraft Heinz said it will sell several of its cheese businesses to a U.S. affiliate of France’s Groupe Lactalis.
⁍ The deal is expected to close in the first half of 2021.
⁍ It includes Kraft Heinz’s U.S. natural, grated, cultured and specialty cheese businesses and its grated cheese business in Canada.
– Kraft Heinz is selling its cheese businesses in the US and Canada to a French company for $3.2 billion, Reuters reports. The sale includes Kraft Heinz’s natural, grated, cultured, and specialty cheese businesses, as well as its grated cheese business in Canada. The deal, which is expected to close in the first half of 2021, includes Kraft Heinz’s US natural, grated, cultured, and specialty cheese businesses and its grated cheese business in Canada.
Source: https://www.reuters.com/article/us-kraftheinz-lactalis-cheese/kraft-heinz-to-sell-several-cheese-businesses-to-lactalis-for-32-billion-idUSKBN2662OP