JBS and Sigma Alimentos are competing to acquire Kraft Heinz's Oscar Mayer unit, which is valued at approximately $3 billion. Sources indicate that several buyers have submitted initial bids for the hot dog and cold cuts business, with a final agreement still pending. The news comes amidst ongoing interest in food sector acquisitions, as Kraft Heinz continues to evaluate its strategic options. The potential deal highlights the competitive landscape in the food industry, particularly for established brands like Oscar Mayer.