NEW YORK (AP) — Kraft Heinz is splitting into two a decade after a merger of the brands created one of the biggest food companies on the planet.
One of the companies, currently called Global Taste Elevation Co., will include shelf stable meals and include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese, Kraft Heinz said Tuesday. The other, currently called North American Grocery Co., will include brands such as Oscar Mayer, Kraft Singles and Lunchables. The official names of the two companies will be released later.
Kraft Heinz said in May that it was conducting a strategic review of the company, signaling a potential split.
The company in 2015 wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introd