According to CNBC, Kraft Heinz announced Wednesday it will divest its North American coffee business in a deal valuing it at $650 million on an enterprise basis. The transaction with One Rock Capital Partners includes Maxwell House and Gevalia, is expected to close in mid-2027, and will leave Kraft Heinz with a 30% noncontrolling equity stake. Kraft Heinz expects $500 million in post-tax cash proceeds, which it plans to use to pay down debt. The company also reported third-quarter earnings that beat expectations and raised its 2026 outlook, projecting organic net sales will decline 0.5% to 1.25%, compared with its prior forecast that sales could fall as much as 2%.