From CNBC · Maggie Roth · · 40s
Kraft Heinz Sells Coffee Business for $650M
Kraft Heinz divests North American coffee unit to One Rock Capital Partners in $650 million deal.
In brief
Kraft Heinz divests North American coffee unit to One Rock Capital Partners in $650 million deal. Kraft Heinz is selling its North American coffee business to One Rock Capital Partners for $650 million to refocus on core brands. Originally reported by CNBC.
Deal Announcement
Kraft Heinz will sell its North American coffee business to One Rock Capital Partners for $650 million enterprise value.
Business Terms
Kraft Heinz retains 30% noncontrolling equity stake in the business and expects closure in mid-2027.
Funds Allocation
Company will use $500 million post-tax cash proceeds to pay down debts and accelerate growth.
CEO Statement
Steve Cahillane says transaction unlocks value and accelerates transformation momentum.
What to remember
Kraft Heinz is selling its North American coffee business to One Rock Capital Partners for $650 million to refocus on core brands.
