Kraft Heinz to Sell Coffee Business for $650M
News4JAX reports that Kraft Heinz is set to sell its coffee business, which includes the Jacksonville Maxwell House plant, for a substantial $650M.
This move comes as the company navigates changes in the market and focuses on its core food and beverage portfolio. The sale is expected to enhance the company's strategic direction and optimise its resources.
The Jacksonville plant, a prominent tapestry in the local landscape, has been a key site for Maxwell House coffee production for many years. Its sale marks a significant chapter in the region's industrial history.