Kraft Heinz Exploring Sale of Plasmon Subsidiary, Reuters Reports

Dow Jones

Feb 19, 2025

--Kraft Heinz is working with investment bank Houlihan Lokey on a sale of its Italian baby-food-business Plasmon, Reuters reports, citing people familiar with the matter.

--Binding offers for Plasmon are expected by March, the report said, according to one of the people.

--Kraft Heinz tried to sell the brand in 2019 but ultimately decided to keep it, according to the report.

--A spokesperson for Kraft Heinz and Houlihan Lokey declined Reuters's request for comment.

Full article at https://www.reuters.com/markets/deals/kraft-heinz-aims-sell-its-baby-food-brand-plasmon-sources-say-2025-02-18/

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 18, 2025 11:22 ET (16:22 GMT)

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