Kraft Heinz Sells B2B Powdered Cheese Business

Aug. 31, 2022
Kraft Heinz has sold its powdered cheese ingredient business to Kerry Group, as the latest step in the divestiture of its cheese portfolio.

Kraft Heinz has sold its powdered cheese ingredient business to Kerry Group, as the latest step in the divestiture of its cheese portfolio.

The deal includes a processing facility in Albany, Minn., with its 60 or so employees all expected to transfer over to Kerry. The transaction is scheduled to be finalized by the end of the year. Financial terms were not disclosed.

The sale to Kerry is part of an ongoing divestiture of Kraft Heinz’s cheese business that began with the sale of most of the company’s domestic cheese business, and all of its international retail cheese business, to Lactalis. That deal was announced in late 2020 but took more than a year to go through because of antitrust concerns, which led to Kraft Heinz having to sell a couple of brands to other companies. The Kerry deal will likewise be subject to regulatory review.

Sponsored Recommendations

4 shipping challenges that a dedicated carrier can solve

Navigating the logistics industry is challenging. Find out how a dedicated transportation solution can solve some of the most common shipping challenges.

Recipe for successful growth: Schneider’s dedicated fleet services helps bakery rise

Learn how a large bakery company complimented their private fleet with Schneider Dedicated freight services to increase freight capacity, amplify visibility & reduce costs.

Produce grower optimizes network and delivery consistency

An organic produce grower's fractured transportation model resulted in a lot of empty miles and brokered freight for a producer. Learn how they were able to optimize their transportatio...

Schneider Dedicated grows refrigerated transportation for organic grocer

An organic grocery retailer with locations nationwide needed a shipper that could match its reach and volume. Schneider created a custom refrigerated transportation solution to...