Kraft Heinz to sell North American coffee business for $650 million

Kraft Heinz will divest its North American coffee business to private equity firm One Rock Capital Partners in a $650 million deal, per CNBC. The move is part of CEO Steve Cahillane's effort to revive the company.

Timeline

1. 4 Nov, 15:35 UTCKraft Heinz announces coffee business divestiture

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