Kraft Heinz (KHC) to Divest North America Coffee Business to One Rock Capital Partners
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Kraft Heinz agreed to sell its North America coffee business to an affiliate of One Rock Capital Partners at an enterprise value of $650 million while retaining a 30% non-controlling equity stake. The divestiture sheds a slower-growth unit as the food giant focuses on core condiment and sauce brands. The deal follows pressure from activist investors and CEO Carlos Abrams-Rivera’s push to streamline the portfolio. Watch for regulatory clearance and closing timing, plus how Kraft Heinz deploys the proceeds.
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Kraft Heinz (KHC), One Rock Capital Partners, North America coffee business
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