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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.

Kraft Heinz Logo

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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