Kraft Heinz Canada selling natural cheese business

Parmalat will be the new owner.

Kraft Heinz sells natural cheese business.
Kraft Heinz sells natural cheese business.

The Kraft Heinz Company has entered into a definitive agreement to sell its Canadian natural cheese business, including its production facility in Ingleside, Ontario, to Parmalat for approximately $1.23 billion. Expected to close in the first half of next year, the transaction is subject to regulatory review and approval.

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