McDonald’s Supplier Havi Is Said to Weigh Selling Asian Assets

Havi is considering selling its cold-chain logistics business in Asia in a deal that could fetch as much as $500 million, according to people familiar with the matter.

The Chicago-headquartered firm, which supplies companies including McDonald’s Corp., is engaging with a financial adviser on a potential sale of its operations in the region, including Japan, Taiwan and Southeast Asia, the people said, asking not to be identified as the process is private.

Havi is assessing prospective investors for a deal worth $400 million to $500 million, the people said. Deliberations are ongoing and may not result in a sale, ...