A decade after merging, Kraft Heinz announced plans to divide into two separate, publicly traded companies. The separation is expected to be completed in the second half of 2026.
Kraft Heinz to close seven manufacturing facilities in North America and cut 2,600 jobs as it streamlines following the merger of two food giants.
Ketchup maker H J Heinz Company and Kraft Foods Group Inc said they will merge to create The Kraft Heinz Company, the fifth largest food and beverage (F&B) company in the world.