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Kraft Heinz is splitting up
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TPR: The Public's Radio
That’s Kraft Heinz, one of the world’s largest food conglomerates, splitting into two companies.
Kraft Heinz spent years slicing its costs while rivals invested in new ideas to keep up with changing consumer tastes.
The first, which Kraft Heinz is calling “Global Taste Elevation Co.” as a placeholder name, will focus on shelf-stable foods and encompass Heinz, Philadelphia and Kraft Mac & Cheese.
It will be run by Kraft Heinz’ current CEO, Carlos Abrams-Rivera.
Heinz and Kraft: Before they were food giants, they were men Henry Heinz was big into pickles before ketchup came along.
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