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

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.