Kraft Heinz has stopped trying to sell some of its non-core business units after tepid interest among potential buyers.
Kraft Heinz has stopped trying to sell some of its non-core business units, including Ore-Ida, Breakstone’s and Plasmon baby food, after tepid interest among potential buyers, according to CNBC.
The processed food giant is still trying to sell Maxwell House coffee but not having much luck, CNBC reports.
Kraft Heinz had been interested in sellingassetsas a way to concentrate on core businesses and pay off some of the $3 billion in debt coming due next year. But it has run into trouble because relentless cost-cutting has put many of its brands behind in product development, facing potential buyers with the prospect of having to invest deeply to revitalize them.
The lack of interest is the latest trouble in a tough year for Kraft Heinz. The company, which hired a new CEO earlier this year, had to write down $15.4 billion in brand value in May, sending the stock down 26% so far this year.
Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...
