Lactalis Group, a dairy group, agreed to acquire natural, grated, cultured and speciality cheese businesses of Kraft Heinz, an American food company, for $3.2bn. “We believe these cheese and dairy businesses will thrive in the hands of a global dairy company like Groupe Lactalis. At the same time, the transaction will enable us to build sustainable competitive advantage in businesses where we have stronger brand equity, greater growth prospects and can use our manufacturing scale and consumer-based platforms approach. This is a great example of agile portfolio management at work,” Miguel Patricio, Kraft Heinz CEO. On November 11, 2021, US granted approval for this transaction.