(Reuters) -Kraft Heinz is closing in on a plan to break itself up, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The transaction, aimed to split the company into two separate units focusing on grocery and sauces, respectively, could be finalized and announced as early as next week, the report said.

In July, the company was studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at as much as $20 billion on its own. Later that month, it said that it was “working with urgency” to evaluate strategic options for some of its brands.

Kraft Heinz is betting that two separate units would worth, in total, more than the company’s roughly $33 billion market value, the report a

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