Kraft Heinz will split into two listed companies, one focused on groceries and the other on sauces and spreads, the U.S. packaged foods maker said on Tuesday, seeking to jump-start growth after years of sluggish sales.
The move dismantles the decade-old merger between H.J. Heinz Co and Kraft Foods Group, which was backed by Warren Buffett's Berkshire Hathaway and Brazilian private equity firm 3G Capital, that created a $45 billion packaged food giant.
"Kraft Heinz's brands are iconic and beloved, but the complexity of our current structure makes it challenging to allocate capital effectively, prioritize initiatives and drive scale in our most promising areas," said Miguel Patricio, executive chair of the Kraft Heinz board.
USA TODAY
Kraft Heinz will split into two listed companies, one focused on groceries and the other on sauces and spreads, the U.S. packaged foods maker said on Tuesday, seeking to jump-start growth after years of sluggish sales.
The move dismantles the decade-old merger between H.J. Heinz Co and Kraft Foods Group, which was backed by Warren Buffett's Berkshire Hathaway and Brazilian private equity firm 3G Capital, that created a $45 billion packaged food giant.
"Kraft Heinz's brands are iconic and beloved, but the complexity of our current structure makes it challenging to allocate capital effectively, prioritize initiatives and drive scale in our most promising areas," said Miguel Patricio, executive chair of the Kraft Heinz board.
Read more at: www.usatoday.com/story/money/2025/09/02/kraft-hein…
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