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Kraft Heinz Splits Into 2 Separate Companies Again
['Kristen Kazarian']
powderbulksolids
Kraft Heinz is splitting into two companies one decade after the one of the biggest mergers in the food and beverage industry.
In a statement the company said the split was to accelerate profitable growth and unlock shareholder value.
The two companies, to be finally named at a later date, are:Global Taste Elevation Co., will include brands such as Heinz, Philadelphia cream cheese, and Kraft Mac & Cheese, Kraft Heinz said per AP News.
Kraft Heinz said in May that it was conducting a strategic review of the company, signaling a potential split.
I look forward to working closely with Carlos and the Kraft Heinz team in the months ahead to prepare the organization for the separation.”Related:PepsiCo, Unilever, Roll Out Regenerative Agriculture Initiative
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