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Industry NewsKraft Heinz sells Canadian grated cheese business to Lactalis

Kraft Heinz sells Canadian grated cheese business to Lactalis

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The Kraft Heinz Company plans to sell its natural cheese business to Groupe Lactalis’ U.S affiliate, including the grated cheese business in Canada.

The $3.2 billion US acquisition also includes Kraft Heinz’s natural, grated, cultured and specialty cheese businesses in the U.S. and the entire international cheese business outside of Canada and the U.S.

Kraft Heinz says it will partner with Groupe Lactalis on a perpetual license for Kraft in Natural, Grated and International cheeses and Velveeta in Shredded and International cheeses.

Kraft Heinz will retain the Philadelphia Cream Cheese, Kraft Singles, Velveeta Processed Cheese and Cheez Whiz Processed Cheese businesses in the U.S. and Canada, the KraftVelveeta and Cracker Barrel Mac & Cheese businesses worldwide, and the Kraft Sauces business.

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