Kraft Heinz Announces Major Corporate Split After Decade of Challenges

In a dramatic strategic reversal, Kraft Heinz has announced plans to separate into two distinct publicly traded entities. This move, scheduled for completion in the second half of 2026, marks the end of a challenging ten-year period following the merger that was initially championed by Warren Buffett’s Berkshire Hathaway and 3G Capital. The decision represents one of the most significant corporate turnarounds in recent memory.

The board approved the separation on September 2nd. The new organizational structure will create “Global Taste Elevation Co.,” which will house high-growth brands including Heinz Ketchup, Philadelphia cream cheese, and Kraft Mac & Cheese. Meanwhile, “North American Grocery Co.” will manage traditional U.S. staple products such as Oscar Mayer, Kraft Singles, and Lunchables. Current CEO Read more...