Kraft Heinz (NASDAQ:KHC) has agreed to sell its infant and specialty food business in Italy to food and beverage company NewPrinces. The agreement will see NewPrinces purchase the infant food brands Plasmon,

The Kraft Heinz Co. entered into an agreement to sell some of its businesses in Italy to NewPrinces, an Italian-based conglomerate that operates across Europe.

Kraft Heinz will sell its Italian infant and speciality food business to NewPrinces. The deal includes brands like Plasmon and a production plant in Italy. The business generated 170 million euros in revenue last year.