The move reverses much of the $46 billion merger from 2015.
Transcript:
CAROLINE WOODS: A big break-up in the food aisle. Kraft Heinz is splitting in two – undoing much of the $46 billion mega-merger that shook the industry a decade ago.
The food giant says it will spin off into two separate companies.
One will focus on faster-growing businesses like sauces, spreads, and shelf-stable meals – think Heinz ketchup, Kraft mac & cheese, and Philadelphia cream cheese.
The other will focus on slower growth grocery items and food away from home businesses – like Oscar Mayer hot dogs, Kraft singles, and Lunchables.
Kraft Heinz says the split will let each company get the attention and resources it needs to grow. The deal is expected to close in the second half of 2026.
The new companies don’t have names yet, but Wall Street will be watching how investors digest this latest shakeup in the packaged-food business.
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