US EditionKraft Heinz to Split Into Two Public Companies Starting in 2026
Kraft Heinz plans a tax-free spin-off creating two companies with combined 2024 net sales of $25.8 billion to enhance operational focus and unlock shareholder value.
- Kraft Heinz may announce a split into two companies as early as this week, according to reports in the Wall Street Journal.
- One company will focus on shelf-stable meals, including brands like Heinz and Kraft Mac & Cheese, while the other will include Oscar Mayer and Kraft Singles.
- The split is expected to finalize in the second half of 2026, with no changes to headquarters locations in Chicago and Pittsburgh.
- Kraft Heinz remains profitable, currently valued at $31 billion, despite previous financial challenges including a $15 billion reduction in value for certain brands in 2019.
Insights by Ground AI
Does this summary seem wrong?
324 Articles
324 Articles
A decade after the merger that created Kraft Heinz, the assembly said it's time to start the group in the middle. On the one hand it goes the ketchup, for the other the mercenaries and other processed foods.
·Portugal
Read Full Article
The Washington Hispanic+2 Reposted by 2 other sources
The US conglomerate Kraft Heinz, which produces ketchup tomato sauce and untable Phildelphia cheese, will split into two companies, announced Tuesday the company. “The split seeks to maximize the capabilities of the Kraft Heinz brands” to allow new companies “to deploy their resources in their different priority strategies,” the group said in a statement. One will be dedicated to the marketing of sauces, spreadable products and condiments, among…
·Washington, United States
Read Full ArticleCoverage Details
Total News Sources324
Leaning Left54Leaning Right19Center143Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 25%
C 66%
Factuality
To view factuality data please Upgrade to Premium
