The Kraft Heinz Co. has announced plans to sell its Canadian natural cheese business to Italian company Parmalat for approximately $1.23 billion. The agreement includes the sale of natural cheese brands Cracker Barrel, P’tit Quebec and aMOOza! in the Canadian market.

Schenck Process Group has announced the acquisition of Process Components Ltd (PCL) and its subsidiaries.

Hometown Food Company, a wholly-owned portfolio company of Brynwood Partners VIII L.P., has completed the $375 million deal to acquire the exclusive rights to the Pillsbury branded shelf-stable baking and dessert products and use of the Pillsbury Doughboy in these categories.

Tyson Foods Inc. has announced it has reached a definitive agreement to buy the Keystone Foods business from Marfrig Global Foods for $2.16 billion in cash. The acquisition of Keystone, a major supplier to the growing global foodservice industry, is Tyson Foods’ latest investment in furtherance of its growth strategy and expansion of its value-added protein capabilities.

Albertsons Companies Inc. has announced that it has received a claim that its acquisition of Safeway violated terms governing Safeway notes.

Brynwood Partners VII L.P. has signed a definitive agreement to acquire a portfolio of brands from The J.M. Smucker Company (Smucker) for $375 million. The portfolio includes the exclusive US rights to Pillsbury brand’s shelf-stable baking products along with the Hungry Jack, White Lily, Jim Dandy and Martha White brands.