Kraft Heinz splitting up as consumers veer away from processed foods

Kraft Heinz — the maker of ketchup, macaroni and cheese and other pantry standbys — announced Tuesday it will split up a decade after its merger created one of the largest food companies in the world.

One company will focus on sauces, spreads and seasonings, and retain brands such as Heinz Ketchup, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include Oscar Mayer, Kraft Singles cheese, and Lunchables, and will be led by current Kraft Heinz chief executive Carlos Abrams-Rivera, the company said.