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

Kraft Heinz agreed to sell its North American coffee business to private equity firm One Rock Capital Partners for 650 million dollars, the company announced. CEO Steve Cahillane is overseeing the divestment as part of efforts to restructure the food company. The sale includes brands and operations in the United States and Canada.

• CNBC — Kraft Heinz to divest its North American coffee business in $650 million deal

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