Kraft Heinz agrees a $650 million sale of its North American coffee business

The transaction values the North American coffee unit at $650 million and is expected to close in mid-2027. Kraft Heinz said the business contributes about 3% of net sales and has lower margins than the rest of the company.

The divestiture is part of CEO Steve Cahillane’s effort to concentrate investment on core packaged foods and condiments. The company also narrowed its expected annual organic-sales decline, although North American volumes remained under pressure.