10:39 AM EST, 02/18/2025 (MT Newswires) -- (Updates to include the third and fifth paragraphs.)

Kraft Heinz ( KHC ) is cooperating with Houlihan Lokey to sell its Plasmon infant food product brand, Reuters reported Tuesday, citing two sources close to the matter.

Binding offers for the Italy-based business are expected by next month, the report said, citing one of the sources.

The global packaged food group attempted to sell Plasmon in 2019, but eventually decided to keep it, according to the report.

Kraft Heinz ( KHC ) didn't comment, Reuters reported, citing a company spokesperson. Houlihan Lokey also declined to comment, according to the report.

Kraft Heinz and Houlihan Lokey didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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