Kraft Heinz to Divest North American Coffee Business for $650 Million
Kraft Heinz said it would sell its North American coffee business to One Rock Capital Partners at an enterprise value of $650 million.
Kraft Heinz NYSE:KHC said on Wednesday it would divest its North American coffee business at an enterprise value of $650 million to One Rock Capital Partners, months after CEO Steve Cahillane put a pause on its plans to split the consumer goods maker.Kraft Heinz's coffee unit includes brands such a…