Kraft Heinz sells coffee unit for $650M to focus on core brands and improve growth outlook

Kraft Heinz is selling its North American coffee business, including Maxwell House and Gevalia, to One Rock Capital Partners for $650 million. The company will keep a 30% stake and plans to use $500 million from the sale to reduce debt. CEO Steve Cahillane aims to refocus on core brands and has invested $700 million in the turnaround effort. Kraft Heinz also raised its 2026 sales outlook, expecting a smaller decline than previously forecasted, signaling progress in its recovery strategy.

Kraft Heinz shares rose 5.18% to USD 25.79 on Pluang, showing positive investor response to the company's strategic moves. The stock trades below its 52-week high of USD 27.62 but above the low of USD 21.21. This data is as of Nov 04, 2026 22:42 WIB.