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Is Kraft Heinz Selling Oscar Mayer?

Kraft Heinz is gauging interest in its division of hot dogs, bacon, and deli meats, which could garner $3 billion to $5 billion, according to the Wall Street Journal.

Oscar Mayer Hotdogs
Kraft Heinz

Kraft Heinz might be looking to sell its Oscar Mayer division, according to a recent report from the Wall Street Journal.

Though the business could bring in something in the neighborhood of $3 billion to $5 billion, say WSJ sources, it is possible there will be no transaction at all. Potential buyers, however, could range from private equity firms to other food industry players.

Carlos Abrams-Rivera took over as the new CEO of Kraft Heinz at the beginning of this year, as Miguel Patricio transitioned to non-executive chair of the board. It has been Abrams-Rivera’s task to rejuvenate a stock that has done little in the past five years, WSJ says, and to take a new look at the company’s portfolio in light of growing health and nutrition concerns from consumers.

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INTRODUCING! The Latest Trends for Food Products at PACK EXPO Southeast