Summary
Kraft Heinz will split into two separate companies, one focusing on famous brands like Heinz and Kraft Mac & Cheese, and another on brands like Maxwell House and Oscar Mayer. This change is expected to happen in the second half of 2026. The company originally formed through a merger in 2015 but faced challenges due to changing consumer preferences and economic conditions.
Key Facts
- Kraft Heinz plans to split into two companies, called Global Taste Elevation Co. and North American Grocery Co., with official names to be announced later.
- The split is expected to complete in the second half of 2026.
- This decision follows a strategic review that started in May.
- Kraft Heinz originally merged in 2015 to take advantage of its large size.
- Changes in consumer tastes and health trends presented challenges for the company.
- In 2021, Kraft Heinz sold its Planters nut and natural cheese businesses.
- The company has faced declining net sales, with a 3% drop in 2024.
- The merger initially created the 5th largest food and beverage company in the world.
