date:Apr 26, 2019
US-based food company Kraft Heinz is reportedly exploring options to divest its Ore-Ida frozen potato business.
According to CNBC, the sale of the Tater Tot manufacturer could be worth around $1.5bn to $2bn, however, the final valuation may change.
Kraft Heinz plans to use proceeds from the sale to pay off its debts, as well as focus on restructuring its business.
The company has appointed global investment banking advisory firm Evercore Partners for selling its Ore-Ida brand.
Additionally,