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Kraft Heinz will sell part of the cheese business for $ 3.2 billion



Kraft Heinz Co. is separating from a large chunk of its cheese business, a sign of the challenges facing food companies whose scale has complicated operations as the coronavirus pandemic drove unprecedented demand.

Kraft Heinz said on Tuesday it has reached an agreement to sell its U.S. natural cheese business and a mix of other cheese brands in North America and internationally to Groupe Lactalis SA in France for $ 3.2 billion.

The…


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