Trademagazin > News and articles > Market News > Kraft Heinz set to sell parts of its cheese business to Groupe Lactalis
Kraft Heinz set to sell parts of its cheese business to Groupe Lactalis
For 3.2 billion dollars, Kraft Heinz Company sells parts of its cheese business to the US affiliate of Groupe Lactalis. The transaction is expected to close in the first half of 2021. Kraft Heinz will retain the Philadelphia Cream Cheese, KraftSingles, Velveeta and Cheez Whiz businesses in the US and Canada, as well as Kraft, Velveeta and Cracker Barrel Mac & Cheese and Kraft Sauces businesses on a global level.
Related news
Pioneering innovation in cheese making: NewMoo develops plant-based casein
NewMoo Ltd., an Israeli food-tech startup, is revolutionizing cheese production…
Read more >The incredible global success of a Hungarian cheese brand
In Dubai, Beirut, Qatar and many other remote regions, we…
Read more >Kraft Heinz still feeling impact of cost-conscious consumers
US sauces and soup major Kraft Heinz remains in negative…
Read more >
More related news >
Related news
Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >