BelGioioso Cheese Inc. agreed to acquire Polly-O Cheese from Groupe Lactalis S.A. and The Kraft Heinz Company (NasdaqGS:KHC) on September 16, 2021. Last year, Polly-O achieved net sales of $177 million. The transaction is subject to antitrust review of the acquisition by the U.S. Department of Justice and the transaction will close on or about November 30, 2021.

RBC Capital Markets Inc. acted as financial advisor to Groupe Lactalis S.A.