Kraft Heinz explores Oscar Mayer meats business sale for $3-$5bn amid declining demand.
Kraft Heinz is reportedly exploring a sale of its Oscar Mayer meats business, valued between $3-$5bn, as it faces declining consumer demand for its hot dogs, bacon, ham, and bologna products. The company has hired Bank of America and Centerview Partners to gauge interest, with potential buyers including private-equity firms or other food-industry players. The Wall Street Journal notes the possibility of no transaction materializing.
May 13, 2024
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