Kraft heinz to sell its natural cheese business for $3.2 bln

Kraft heinz announces agreement to sell its natural cheese business to groupe lactalis.kraft heinz co - deal for purchase price of $3.2 billion usd.kraft heinz co - to sell its natural, grated, cultured and specialty cheese businesses to a u.s. affiliate of groupe lactalis.kraft heinz co - approximately 750 employees will be transferred from kraft heinz to groupe lactalis.kraft heinz - to retain philadelphia cream cheese, kraft singles, velveeta processed cheese and cheez whiz processed cheese businesses in u.s., canada.kraft heinz co - will retain kraft, velveeta and cracker barrel mac & cheese businesses worldwide, and kraft sauces business worldwide.kraft heinz co - expects to use post-tax transaction proceeds primarily to pay down debt.kraft heinz - will partner with groupe lactalis on a perpetual license for kraft in natural, grated and international cheeses.kraft heinz - will partner with groupe lactalis on a perpetual license for kraft in velveeta in shredded and international cheeses.
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