Kraft Heinz Selling Large Part of Cheese Business

France’s Lactalis is set to become new owner as Kraft Heinz plans to grow other businesses.

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Kraft Heinz is selling its Breakstone’s, Polly-O, Athenos, Hoffman’s, Knudsen, and Cracker Barrel cheese businesses, as well as the licensing of the Kraft cheese brand, to Lactalis in a $3.2 billion deal. The transaction is expected to close in the first half of next year, subject to regulatory approval.


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