# Kraft Heinz sells natural cheese business to Groupe Lactalis

Kraft Heinz agreed to sell its natural, grated, cultured and specialty cheese businesses to a U.S. affiliate of Groupe Lactalis for $3.2 billion. The transaction is expected to close in the first half of 2021.

- Type: Acquisition
- Announced: 2020-09-15
- Where: United States
- Value: $3.20B
- Status: announced
- Products: natural cheese, grated cheese, cultured cheese, specialty cheese

## Companies

- [Kraft Heinz](https://endata.com/companies/1859.md)
- [Groupe Lactalis](https://endata.com/companies/50480.md) (acquirer)

## Sources

- [dairyfoods.com](https://www.dairyfoods.com/articles/keyword/4840-mergers-and-acquisitions-in-the-dairy-industry?page=10), 2020-10-12: "The Kraft Heinz Co., headquartered in Chicago and Pittsburgh, said it entered into a definitive agreement to sell its natural, grated, cultured and specialty cheese businesses to a U.S. affiliate of the French dairy giant Groupe Lactalis for the purchase price of $3.2 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.