Kraft Heinz to Divest North America Coffee Business to One Rock Capital Partners
Business Wire•04/11/2026•07:03 ET
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Key Highlights
- ➤$650 million North America coffee business sale to One Rock announced
- ➤Kraft Heinz retains 30% non-controlling equity stake in the Business
- ➤Approximately $500 million after-tax proceeds planned for debt repayment
- ➤Mid-2027 closing expected, subject to regulatory approval and customary conditions
- ➤Transaction expected to be growth and margin accretive to Kraft Heinz
Expert Statements
Steve Cahillane, CEO of Kraft Heinz
“This transaction is a meaningful step in unlocking value from our portfolio and will further accelerate the momentum behind our transformation”
Steve Cahillane, CEO of Kraft Heinz
“We are proud of the role these brands have played in the lives of generations of coffee drinkers, and our continued stake reflects the confidence we have in their long-term potential under One Rock's focused ownership.”
Tony W. Lee, Managing Partner of One Rock
“We have long admired Kraft Heinz’s iconic coffee brands, such as Maxwell House and Gevalia, which have been household staples for more than 100 years”
Tony W. Lee, Managing Partner of One Rock
“We intend to accelerate investment across the brand portfolio to drive growth and innovation, enhance the consumer experience, and strengthen relationships with retail partners.”
Kraft Heinz to Divest North America Coffee Business to One Rock Capital Partners
Transaction supports Company’s growth strategy by unlocking value and further focusing resources and investments on priority brands
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