KHC · 10-Q · 2026Q2 · Full report

Acquisition / Partnership / Divestiture

Kraft Heinz Co · 2026-08-05 · Importance 58 · Surprise 68

Kraft Heinz completed the sale of its infant and specialty food business in Italy on December 31, 2025 for approximately $146 million of cash consideration. The divestiture reduced International Developed Markets second-quarter net sales by 4.9 percentage points and six-month net sales by 4.8 percentage points. International Developed Markets segment adjusted operating income was also affected by the Italy Infant Transaction during the six months ended June 27, 2026. The transaction contributed to the six-month unfavorable acquisition-and-divestiture impact of 0.6 percentage points on consolidated net sales.

Key facts

• On July 9, 2025 the company entered into a definitive agreement with NewPrinces S.p.A. to sell its infant and specialty food business in Italy, including the Plasmon and Nipiol brands and one manufacturing facility. source
• On December 31, 2025 the company closed the sale of its infant and specialty food business in Italy for cash consideration of approximately $146 million. source
• The Italy Infant Transaction closed on December 31, 2025 in the first quarter of fiscal 2026. source
• Losses/(gains) on sale of business was income of $3 million ($29 million after-tax) for six months ended June 27, 2026 and were recorded in other expense/(income). source
• At June 27, 2026, assets classified as held for sale were insignificant. source