Kraft Heinz has agreed to sell a 70% stake in its North America coffee business to an affiliate of One Rock Capital Partners at an enterprise value of US$650m, the company said on 4 November 2026.
Why One Rock Capital Partners (affiliate) is buying Kraft Heinz North America coffee business (70% stake)
Kraft Heinz said the sale would be growth and margin accretive and would let it focus on higher-growth categories. One Rock said it had long admired the business's coffee brands.
“This transaction is a meaningful step in unlocking value from our portfolio”
Deal terms and financing
Kraft Heinz retains a 30% non-controlling equity stake. About 250 full-time employees and coffee plants in Jacksonville, Florida and Vancouver, British Columbia transfer to the buyer. Net after-tax proceeds of about US$500m will go towards debt reduction.
Regulatory approvals and timing
Closing is expected in mid-2027, subject to regulatory approval and other customary conditions.
Market context
The disposal is part of a broader portfolio clean-up at Kraft Heinz under chief executive Steve Cahillane, as the group sheds slower-growing businesses.
