Kraft Heinz, formed in 2015 from a merger of Kraft and Heinz, is splitting into two companies: Global Taste Elevation Co. (Heinz, Philadelphia cream cheese, Kraft Mac & Cheese) and North American Grocery Co. (Maxwell House, Oscar Mayer, Kraft Singles, Lunchables). The split, expected to be completed in late 2026, aims to address challenges in allocating capital and driving growth in its most promising areas. The decision comes after years of declining sales and follows similar breakups in the food industry. Warren Buffett, a major investor, expressed disappointment with the split, highlighting its high cost and lack of shareholder vote.

Prepared by Christopher Adams and reviewed by editorial team.