Kraft Heinz Announces Plan to Split Into 2 Companies

Since 2024, the company’s quarterly sales have consistently registered year-over-year declines.

Kraft-Heinz products on a grocery store shelf in New York City, on March 25, 2015. Brendan McDermid/Reuters

Multinational food corporation The Kraft Heinz Company will split into two companies in a bid to boost profits and unlock shareholder value, the company said in a Sept. 2 statement.

Kraft Heinz was formed in 2015 by the merger of Kraft Foods and H.J. Heinz.