Kraft Heinz, a massive food company formed by a 2015 merger, is splitting into two. One company will focus on shelf-stable foods like Heinz ketchup and Kraft Mac & Cheese, while the other will handle groceries such as Oscar Mayer and Maxwell House. This decision follows years of declining value and failed attempts to adapt to changing consumer preferences, including increased competition from store brands and healthier alternatives. The split aims to boost the overall value of the companies, hoping that two smaller entities will perform better than one large, struggling conglomerate. The move comes a decade after its initially disastrous merger orchestrated by Warren Buffett, which saw significant financial losses and several write-downs.

Prepared by Christopher Adams and reviewed by editorial team.