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via cnbc.comBusiness & Companies

Kraft Heinz to divest its North American coffee business to One Rock at $650 million valuation

FROM THE WIRE · CNBC.COM

Kraft Heinz is divesting its coffee business to One Rock Capital Partners at an enterprise value of $650 million. The move comes as CEO Steve Cahillane works to turn the company around with increased investment into the company and a focus on its core brands.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralDivesting a non-core unit may streamline the portfolio and support the company's turnaround strategy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Kraft Heinz is divesting its coffee business to One Rock Capital Partners.
  2. 02The deal values the business at an enterprise value of $650 million.
  3. 03CEO Steve Cahillane is focusing on core brands and increased investment.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
The Kraft Heinz CompanyKHCStock26.15 USD+1.18%today +6.63%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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