Kraft Heinz to split into two public companies in effort to revive growth

Kraft Heinz said on Tuesday that it will split into two companies, with one focusing on sauces and the other on groceries.

Kraft Heinz KHC-Q said on Tuesday it would split into two publicly listed companies, one focusing on the sauces business and the other on groceries, as the U.S. packaged-goods maker aims to revive growth after years of muted sales.

The one, called the “Global Taste Elevation Co,” houses brands such as Heinz, Philadelphia and Kraft Mac & Cheese, while the other, called “North American Grocery Co,” consists of Oscar Mayer, Kraft Singles and Lunchables labels.

The sauces unit raked in about US$15.4-billion in sales in 2024, while the grocery business generated about US$10.4-billion in sales.

“Kraft Heinz’s brands are iconic and beloved, but the complexity of our cur