Kraft Selling Stake In Back To Nature To PE Firm Before Split

Law360, New York (August 22, 2012, 12:09 PM EDT) -- 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...
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