--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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