Law360, New York (August 22, 2012, 12:09 PM ET) -- Kraft Foods Inc. will hand over a portion of its Back to Nature product line as part of a joint venture agreement with private equity firm Brynwood Partners LP, the pair said Wednesday, as Northfield, Ill.-based Kraft prepares to divide into two companies this fall.
Through the deal, Kraft will hang onto a substantial minority stake in the brand, including control over its macaroni and cheese line, the firms said. Back to Nature's product cache includes less-processed trail mixes, crackers and granola. Financial terms of the...
Kraft Selling Stake In Back To Nature To PE Firm Before Split
To view the full article, take a free trial now.
