Kraft Heinz is selling its North American coffee unit in a $650 million deal with One Rock Capital Partners.
The brands being sold include Maxwell House, Gevalia, Tassimo, Yuban, Nabob and Ethical Bean with Kraft Heinz retaining a 30% equity stake.
The sale is expected to close in mid-2027. Kraft Heinz plans to use 500 million of the proceeds to pay down debt.
