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New Deal


Announced

Kerry Group to acquire the B2B powdered cheese business of Kraft Heinz for $108m.

Financials

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Transaction Value£91m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cheese manufacturer

Acquisition

Private

United States

Pending

Food Products

Majority

Friendly

Cross Border

Single Bidder

Synopsis

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Kerry Group, a global taste & nutrition company, agreed to acquire the B2B powdered cheese business of Kraft Heinz, a food and beverage manufacturer, for $108m. The transaction involves the divestiture of Kraft Heinz’s B2B powdered cheese products, which are sold through the company’s ingredients business. The divestiture of the B2B powdered cheese business reflects the Company's ongoing and active portfolio optimization.

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