Kraft Heinz agrees to sell North America coffee business to One Rock Capital Partners

Bitget2026/11/04 12:13

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Kraft Heinz agreed to sell its North America coffee business to One Rock Capital Partners at a $650 million enterprise value.
The seller will retain a 30% non-controlling equity stake in the business, which includes Maxwell House, Gevalia and other coffee brands.
Expected net cash proceeds of approximately $500 million after taxes will be used to pay down debt.
Closing is expected in mid-2027. The transaction is expected to improve growth and margins.
Approximately 250 full-time employees will transfer with the business, along with coffee manufacturing facilities in Jacksonville, Florida, and Vancouver, British Columbia.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Kraft Heinz Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20261104872049) on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kraft Heinz agrees to sell North America coffee business to One Rock Capital Partners

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