Kraft Heinz Is Splitting Into Two Companies
The new deal will reverse most of the $46 billion merger that created one of the biggest food companies in the world.
Kraft Heinz announced it is splitting into two companies. Neither company has an official name at this time. The first will primarily offer shelf-stable meals and will be home to several brands including Heinz, Philadelphia and Kraft Mac and Cheese. That company on its own would have had $15.4 billion in 2024 net sales, with around 75% of those sales…