Kraft Heinz said it is planning to split its business into two companies with the goal of reducing complexity and sharpening its focus. The move comes as Kraft Heinz has seen its stock value decline significantly in recent years.

The company said the separation will increase efficiency and maximize brand value. The split is expected to be finalized in the second half of 2026.

The Global Taste Elevation Co. will focus on sauces, spreads, seasonings, and shelf-stable meals. Its brands will include Heinz, Philadelphia, and Kraft Mac & Cheese.

The North American Grocery Co. will focus on meats, cheeses, and meal kits. Its brands will include Oscar Mayer, Kraft Singles, and Lunchables.

The Global Taste Elevation Co. will aim to expand its brands internationally, while the North American Gro

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