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Kraft to sell its natural cheese business to Lactalis

Christian Fernsby |
The Kraft Heinz Company announced that it has entered into a definitive agreement to sell its Natural, Grated, Cultured and Specialty cheese businesses to a U.S. affiliate of Groupe Lactalis for a purchase price of $3.2 billion USD.

Topics: KRAFT    LACTALIS   

The proposed transaction is expected to close in the first half of 2021, subject to regulatory review and approval.

Kraft Heinz will retain the PhiladelphiaCream Cheese, KraftSingles, VelveetaProcessed Cheese and Cheez WhizProcessed Cheese businesses in the U.S. and Canada, the Kraft, Velveeta and Cracker Barrel Mac and Cheese businesses worldwide, and the Kraft Sauces business worldwide.

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