Kraft Heinz announces plans to split
A decade after their merger, Kraft Heinz has announced plans to separate into two standalone businesses. In a statement released Sept. 2, the company said the split will result in two new entities: Global Taste Elevation Co., which will include brands such as Heinz, Philadelphia, and Kraft Mac & Cheese; and North American Grocery Co., which will house Oscar Mayer, Kraft Singles, and Lunchables. Final names for both companies will be determined at a later date. “Kraft Heinz’s brands are iconic and beloved, but the complexity of our current structure makes it challenging to allocate capital effectively, prioritize initiatives, and drive scale in our most promising areas,” said Miguel Patricio, Executive Chair of the Board. “By separating into two companies, we can allocate the right level of attention and resources to unlock the potential of each brand and drive better performance and long-term shareholder value.” The decision follows a strategic review conducted in May 2025. “The Board’s unanimous decision to separate into two independent companies came after careful consideration and a comprehensive evaluation of our options,” said Jack Pope, Lead Director of the Board. “We strongly believe that increased focus will translate into better performance and value creation for shareholders.” The transaction is expected to close in the second half of 2026. Carlos Abrams-Rivera will remain CEO of Kraft Heinz and will lead North American Grocery Co. following the separation. The board is currently working with an executive search firm to identify a CEO for Global Taste Elevation Co. Kraft Heinz said it has no plans to change its current headquarters in Chicago and Pittsburgh.
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