Kraft Heinz to split into two independent companies
The Board of Directors of Kraft Heinz has approved a plan to separate the company into two publicly traded businesses through a tax-free spin-off. The company explained that the transformation is intended to simplify operations, improve efficiency, and accelerate growth, Kazinform News Agency reports.
Once completed, the process will create two distinct entities. Global Taste Elevation Co. will become a global leader in sauces, spreads, and prepared meals, with a portfolio that includes iconic brands such as Heinz, Philadelphia, and Kraft Mac & Cheese. The second company, North American Grocery Co., will focus on staple food products in North America and will be led by Kraft Heinz’s current CEO, Carlos Abrams-Rivera.
Miguel Patricio, Chair of the Board, noted that the separation will enable more effective resource allocation, support brand development, and drive long-term shareholder value. He emphasized that the company intends to maintain its current dividend level, while the capital structure of the new businesses will be designed to preserve investment-grade credit ratings.
The transaction is expected to close in the second half of 2026, pending all necessary approvals.
Earlier, it was reported that Germany’s beer market had already been showing signs of long-term decline.
