Kraft Heinz Announces Corporate Split Following Merger Disappointment

One of the largest food industry mergers in history is now being systematically unwound. Kraft Heinz has initiated plans to dismantle its 2015 corporate combination, separating into two distinct publicly traded entities. This strategic reversal raises a fundamental question: can fragmentation achieve what consolidation failed to accomplish?

The separation, expected to conclude by the second half of 2026, will occur through a tax-free spin-off. The move aims to create two focused companies with divergent strategic paths.

The first entity, named “Global Taste Elevation Co.,” will concentrate on high-growth categories including sauces, dressings, and spreads. This portfolio features powerhouse brands such as Heinz Ketchup, Philadelphia cream cheese, and Kraft Mac & Cheese. This segment reported net sales of $15.4 billion in 2024, generating approximately... Read more...