After a 10-year merger, Kraft Heinz is splitting back into two separately traded companies, to focus on groceries and sauces for consumers.

Why is Kraft Heinz separating?

The announcement came Sept. 2, after the company experienced second-quarter losses , and an ongoing decline in stock value.

“The complexity of our current structure makes it challenging to allocate capital effectively, prioritize initiatives and drive scale in our most promising areas,” Kraft Heinz board executive chairperson Miguel Patricio said in a press release . “By separating into two companies, we can allocate the right level of attention and resources to unlock the potential of each brand to drive better performance and the creation of long-term shareholder value …”

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