Kraft Heinz to Divest North America Coffee Business to One Rock for $650 Million

Nov 4, 2026 12:18 PM

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The Kraft Heinz Company has agreed to sell its North America coffee business, including brands like Maxwell House and Gevalia, to an affiliate of One Rock Capital Partners for an enterprise value of $650 million. Expected to close in mid-2027 pending regulatory approvals, the transaction will yield approximately $500 million in net cash proceeds after taxes. Kraft Heinz intends to allocate these funds toward debt reduction to strengthen its balance sheet.

AI-generated summary

The Kraft Heinz Company (KHC) has entered into a definitive agreement with an affiliate of One Rock Capital Partners, LLC to divest its North America coffee business.

The proposed transaction values the business at an enterprise value of $650 million. It includes the Maxwell House, Gevalia, Nabob, Yuban, Tassimo, Ethical Bean and Sanka brands.

The transaction is expected to close in mid-2027, subject to regulatory approval and other customary closing conditions.

Kraft Heinz expects to receive approximately $500 million in net cash proceeds after taxes. The company plans to use those proceeds to pay down debt.

This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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