Kraft Heinz to sell several cheese businesses to Lactalis for $3.2 billion By Reuters


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© Reuters. FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York

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CHICAGO (Reuters) – Kraft Heinz Co (O:) said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France’s Groupe Lactalis for $3.2 billion.

The deal, which is expected to close in the first half of 2021, includes Kraft Heinz’s U.S. natural, grated, cultured and specialty cheese businesses and its grated cheese business in Canada.

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