Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports

By Thomson Reuters May 13, 2024 | 12:28 PM

(Reuters) -Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The packaged food maker has tapped Bank of America and Centerview Partners to gauge interest in the business, the report said.

Kraft Heinz did not immediately respond to a request for comment.

Shares of the company were up marginally following the report.

(Reporting by Granth Vanaik in Bengaluru; Editing by Tasim Zahid)