Kraft Foods to sell majority stake in Back to Nature brand
Kraft Foods Inc. said on Tuesday it would sell a majority stake in its Back to Nature food brand to US private equity firm Brynwood Partners for an undisclosed amount.
Kraft Foods said Thursday it plans to split into two publicly traded companies, with one focusing on its international snack brands, such as Trident gum and Cadbury chocolates, and the other on its North American grocery business, which includes Maxwell House coffee, Kraft Macaroni and Cheese and Oscar Mayer meats.