Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports
REUTERS/ANDREW KELLY / 2021
Bottles of Heinz Tomato Ketchup, a brand owned by The Kraft Heinz Company, are seen in a store in Manhattan, New York.
Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The packaged food maker has tapped Bank of America and Centerview Partners to gauge interest in the business, the report said.
Kraft Heinz did not immediately respond to a request for comment.
Shares of the company were up marginally following the report.
2 Comments
By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.
Having trouble with comments? Learn more here.
Please log in to comment
