North America, Processing, Retail, Trade/Markets/Prices

Kraft Heinz reportedly weighs sale of Ore-Ida frozen potato business

Tater Tot maker Ore-Ida is the latest brand Kraft Heinz is considering shedding as it scrambles to pay down debt and restructure its business following a disastrous quarterly report. Kraft Heinz has reportedly hired investment bank Evercore Partners to prepare a potential sale of its Ore-Ida brand, people familiar with the situation told CNBC. The brand could fetch roughly $1.5 billion to[Read More...]

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