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Kraft Heinz to Split Into Two Public Companies Starting in 2026
Kraft Heinz plans a tax-free spin-off creating two companies with combined 2024 net sales of $25.8 billion to enhance operational focus and unlock shareholder value.
- Kraft Heinz will split into two separate companies by the second half of 2026, according to the company's press release.
- Global Taste Elevation Co. will include brands like Heinz ketchup and Philadelphia cream cheese, generating about $15.4 billion in sales in 2024.
- North American Grocery Co. will manage brands like Oscar Mayer and Kraft Singles, with around $10.4 billion in sales in 2024.
- Miguel Patricio stated that the separation allows for better resource allocation to enhance performance and shareholder value.
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A decade after the merger that created Kraft Heinz, the assembly said it's time to start the group in the middle. On the one hand it goes the ketchup, for the other the mercenaries and other processed foods.
·Portugal
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The Washington Hispanic+2 Reposted by 2 other sources
The US conglomerate Kraft Heinz, which produces ketchup tomato sauce and untable Phildelphia cheese, will split into two companies, announced Tuesday the company. “The split seeks to maximize the capabilities of the Kraft Heinz brands” to allow new companies “to deploy their resources in their different priority strategies,” the group said in a statement. One will be dedicated to the marketing of sauces, spreadable products and condiments, among…
·Washington, United States
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Total News Sources325
Leaning Left54Leaning Right19Center143Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 25%
C 66%
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