Kraft Heinz Splits: A Decade-Old Merger Unwinds

Kraft Heinz is splitting up! The food giant will separate into two companies, dismantling its 2015 merger. North American Grocery Co. will handle Oscar Mayer and Lunchables, while Global Taste Elevation Co. keeps Heinz and Philadelphia cream cheese. Leaders say the split will simplify operations, boost growth, and unlock value for shareholders after a period of struggling shares. The split is expected to be completed in 2026. Hosted on Acast. See acast.com/privacy for more information.